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2 years ago

A salesperson earns a commission of 429$ for selling 3300$ in merchandise.

Mathematics

1 answer:

butalik [34]2 years ago

7 0

Answer:

13%

Step-by-step explanation:

429 commission ÷3300 merchandise sold =0.13 percent

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3 years ago

I want to put $580 until I saving account for one year. The rate of interest On the account was 6 1/2%. How much was the interes

Vanyuwa [196]

Answer:

The amount of interest earned for the year is $37.7

Step-by-step explanation:

The formula for simple interest is expressed as

I = PRT/100

Where

P represents principal or amount invested.

T represents the time

R represents the interest rate

I represents the interest

From the information given,

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5 0

3 years ago

If $1000 is invested at 8% interest, compounded annually, then after n years the investment is worthan = 1000(1.08)ndollars.(a)

Luba_88 [7]

Answer:

Diverge

Step-by-step explanation:

(a)

1st year: $1000 * 1.08^1 = \$1080$

2nd year: $1000 * 1.08^2 = \$1166.4$

3rd year: $1000 * 1.08^3 = \$1259.71$

4th year: $1000 * 1.08^4 = \$1360.49$

5th year: $1000 * 1.08^5 = \$1469.33$

(b) The sequence is divergent, because if we take the derivative of the function with respect to n year:

$(1000*1.08^n)^{'} = 1000ln(n)*1.08^n$

This is a positive, meaning the slope of the function is positive. If we take the second derivative using product rule

$(1000ln(n)*1.08^n)^{'} = 1000\frac{ln(n)}{n}1.08^n$

This is also positive when n > 0. Therefore, the slope is positive and increasing. This means the sequence diverges.

5 0

3 years ago