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2 years ago

8. Phil received a commission of 5% on

Mathematics

1 answer:

faltersainse [42]2 years ago

4 0

Answer:

$95,600

Step-by-step explanation:

the question can be rephrased as '4780 is five percent of what number'?

we can use the ratio of 'is/over' = %/100 to solve

'is' = 4780

'of' = selling price of house ('p')

4780/p = 5/100

now cross-multiply:

5p = 478000

p = 95600

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sladkih [1.3K]

Answer:

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Step-by-step explanation:

Given : $2150 invested at 5.3% for 16 years and compounded continuously

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The formula of continuously compounded interest is

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