Answer:
10.45
Step-by-step explanation:
To solve it without the calculator:
First, you multiply 4.75 times 0.2 (0.95)
Then you multiply 4.75 times 2 (9.5)
Then you add the 2 numbers to get the answer.
0.95 + 9.5 = 10.45
With the calculator, just put in the 2 numbers and click enter!
Answer:
Money which Michael make in commission = 158.7
Step-by-step explanation:
Given that,
number of hours Michael worked in a week = 40 hours
total sale of the week = 2870
commission which Micheal will get on sale = 6% above 225sale
To find,
total money Michael make in commission in the week
Commission = (2870 - 225)*6%
Commission = (2870 - 225)*6/100
Commission = 2645 *6/100
Commission = 158.7
Total money Micheal make in a week = (40*12.50) + (158.7)
= 658.7
The answer to the question
Answer: $139390 must be paid back.
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1 + r/n)^nt
Where
A = amount to be played back at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount borrowed.
From the information given,
P = 41000
r = 8.5% = 8.5/100 = 0.085
n = 1 because it was compounded once in a year.
t = 15 years
Therefore,
A = 41000(1 + 0.085/1)^1 × 15
A = 41000(1 + 0.085)^15
A = 41000(1.085)^15
A = $139390
