Given that rate of commission earned by the real estate agent = 4%
Given that required commission that real estate agents wants to earn = $7000.
Now we have to find about how expensive of a house does he have to sell to earn $7000.
So let the cost of house = $x
then commission earned = 4% of x
Given commision is $7000 so both quantities will be equal and we get equation:
4% of x = 7000
0.04x = 7000
x = 7000/0.04
x = 175000
Hence final answer is $175000.
Answer:
A = 20,000(1.05)^x
Step-by-step explanation:
To get the approximate value of the house after x years, we will use the compound interest formula
A = P(1+r)^n
P is the principal = $20,000 (cost of house)
r is the rate = 5% = 0.05
x is the time
Substitute into the expressio
A = 20,000(1+0.05)^x
A = 20,000(1.05)^x
Hence the required expression is A = 20,000(1.05)^x
Answer:
what are the options?
Step-by-step explanation:
Answer:
4. The range of the function is all
real numbers less than or equal to 9.
