Jill Hartman earns $750 per week, plus 3% of sales in excess of $6500. if Jill sells $25000 in the first week her earnings are ?
2 answers:
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The account will be worth $2368.20 in 7 years.
The compound interest formula is
where p is the principal invested, r is the interest rate as a decimal number, n is the number of times the interest is compounded yearly, and t is the amount of time.
3.35% = 3.35/100 = 0.0335.
Using our information, we have:
which comes out to $2368.20.
The compound interest formula is
where p is the principal invested, r is the interest rate as a decimal number, n is the number of times the interest is compounded yearly, and t is the amount of time.
3.35% = 3.35/100 = 0.0335.
Using our information, we have:
which comes out to $2368.20.