Answer:
100/100'000*5 = 5000 + base commission of 100'000 = 105'000
Step-by-step explanation:
Answer:
2 2/3 or 8/3
Step-by-step explanation:
Step by step I am guessing? (Is that what each question is for?)
STEP 1
First we have to find 1/3 of 23:
23/3= 1/3 of 23
Then:
5/1 = 15/3
STEP 2
Subtract:
23-15= 8/3
8/3 or 2 2/3
Answer:
APR = 416%
EAR = 5370.60%
Step-by-step explanation:
Given:
Interest rate = 7.8% per week
Now,
In an year there are total 52 weeks
thus,
The APR (Annual percentage rate) = Interest rate × Total weeks in an year
or
APR = 8% × 52
or
APR = 416%
and, EAR ( Effective Annual Rate ) = ( 1 + r )ⁿ - 1
Here,
r is the interest rate per week
n is the total weeks in an year
thus,
EAR ( Effective Annual Rate ) = ( 1 + 8% )⁵² - 1
= ( 1 + 0.08 )⁵² - 1
= 53.7060
or
53.7060 × 100% = 5370.60%
