Based on the information about the percentage, the commission that will be paid will be $3050.
<h3>How to solve percentage</h3>
From the information given, it was stated that there's a 10 percent on first $5,000 and 15% over $5,000.
The total graduate commission on $22,000 will be:
= (10% × $5000) + (15% × $17000)
= (0.1 × $5000) + (0.15 × $17000)
= $500 + $2550
= $3050
Learn more about percentages on:
brainly.com/question/24304697
8 times 2 is 16 and 12 times 3 is 36. So 16 plus 36 is 52
You will need this formula:
Years = ln (Total / Principal) / rate
(where "ln" means natural logarithm)
and we'll use $100 and $200 for beginning and ending amount
Years = ln (200 / 100) / rate
Years = 0.69314718056 / .052
Years =
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<span>
<span>
13.3297534723
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</span>
</span>
Rounding to the nearest tenth of a year:
Years =
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<span>
<span>
13.3
Source:
http://www.1728.org/rate2.htm
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