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const2013 [10]
3 years ago
8

And insurance agent receives 15% of the cost of each insurance policy she sells how much does the agent receive for a policy ths

t cost $300
Mathematics
2 answers:
Aneli [31]3 years ago
4 0

Answer:

20

Step-by-step explanation:

hammer [34]3 years ago
3 0

In this question there are several important information's provided. Using these information's it is easy to get the answer to the question asked. Firstly it is already informed that the insurance agent gets a commission of 15% of the policy price for every policy sold. The agent sells a policy of $300.

Now we can write the equation as:

15% of $300 = [(15/100) * 300] dollars

                    = ( 15 * 3) dollars

                    = 45 dollars

So the agent gets a commission of $45 for selling a policy worth $300

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Chris earns a fixed amount of money every month. At the end of 2 years, chris had earned $86,688. He earned $ each year. He earn
dmitriy555 [2]

Answer:

Chris earned $ 43,344 each year

Monthly Chris earns $ 3,612

Step-by-step explanation:

If you earn a fixed amount of money each month, for 2 years and one year you have 12 months, then 2 years equals 24 months.

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I = $ 86,688 / 24

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3 years ago
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suppose you deposit $1000 in a savings account that pays 4.8% interest compounded monthly. Write an exponential function to mode
zubka84 [21]

Answer:

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Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

A(t) = P(1 + \frac{r}{n})^{nt}

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

Deposit $1000 in a savings account that pays 4.8% interest compounded monthly.

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A(t) = 1000(1 + 0.004)^{12t}

A(t) = 1000(1.004)^{12t}

This is the exponential function

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This is A(2). So

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