The total cost she needs is 11000 times 5 which is 55,000. so you do 5 times 5000 for her annual grant is 25000 and 900 times 5 is 4500. now you add 25000 plus 4500 is 29500. 29500 is what she has. 55,000 minus 29500 is 25,500. 25,500 is what she needs now. now she has a loan of 400 per year. 400 times 5 is 2,000. 25,000 minus 2,000 is 23,000. so the answer is that she needs to borrow 23,0000.
Mr. Cahn’s total earnings in a year is $18,900.
<h3>What is the total earnings?</h3>
The total earnings is a function of the annual salary, commission and Christmas bonus.
Total earnings = annual salary + commission + Christmas bonus
Commission = 6% x (160,000 - 20,000)
6% x $140,000
0.06 x 140,000 = $8,400
Total earnings = $8,400 + 10,000 + $500 = $18,900
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