Answer:
Step-by-step explanation:
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30% of 10,000 is 3,000, so the salesperson would have sold the boat for $13,000. The difference between the auction price and dealership price is 3,000. The commission is 25% of 3,000, which is $750.
Answer:
The investment at the end of the period will be $584.89.
Step-by-step explanation:
FV = PV e⁽ⁿˣ⁾
FV = Future Value = ?
PV = Present Value = $396
n = Interest Rate = 13%
x = time in years = 3
e = mathematical constant = 2.7183
FV = 396 x 2.7183⁽⁰°¹³ ˣ ³⁾
FV = 396 x 1.4770
FV = $584.89
Rather than trial and error, you can do this with an equation.
x + x+1 + x+2 = 267 =>
3x+3 = 267
x = 264/3 = 88
So the numbers are 88+89+90. 90 is the largest number.
