Find M<1, M<2, M<3, M<4, M<5
1 answer:
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Answer:
The total earning of commission on sales of 85, 000 will be:
Step-by-step explanation:
- Total sales earning = 85,000
As salesperson earns 5% commission the first 70,000.
As the salesperson earns 7% commission on the sales over 70,000.
As 15000 is the sales earning on which he will get commission 7%.
Because
- 85,000 - 70,000 = 15000
So the 7% earning of salesperson will on 15000 will be:
Therefore, the total earning of commission on sales of 85, 000 will be:
Answer:
After 11 years the value of the investment reaches $1500.00
.
Step-by-step explanation:
The formula used for finding time (when the value reaches certain amount) is:
where A= Future VAlue
P= Principal Value
r= rate of interest (in decimal)
n= no of times investment is compounded
t= time
Putting the values given and finding Time t,
A= $1500
P= $1200
r= 2% or 0.02
n= 4 (compound quarterly)
Dividing both sides by 1200 and solving 0.02/4 = 0.005
Since t is in power we take the logarithm ln on both sides.
The rule of logarithm says that the exponent can be multiplied with the base when taking log