A salesperson's commission rate is 6%. What is the commission from the sale of 42,000 worth of furnaces? Use pencil and paper
1 answer:
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It is helpful to first plug this in to point-slope form (note that there are other ways to do this).
Using the form
, you get 
. You can simplify this to get 
.
Answer choice A
Using the form
Answer choice A
Answer:
94 years
Step-by-step explanation:
We can approach the solution using the compound interest equation
Given data
P= $40,000
A= $120,000
r= 1.25%= 1.25/100= 0.0125
substituting and solving for t we have
dividing both sides by 40,000 we have
dividing both sides by 0.005 we have