Answer:
The amount is $8358.7 and the interest is $3858.7.
Step-by-step explanation:
Explanation
STEP 1: To find amount we use formula:
A=P(1+rn)n⋅t
A = total amount
P = principal or amount of money deposited,
r = annual interest rate
n = number of times compounded per year
t = time in years
In this example we have
P=$4500 , r=7% , n=2 and t=9 years
After plugging the given information we have
AAAA=4500(1+0.072)2⋅9=4500⋅1.03518=4500⋅1.857489=8358.7
STEP 2: To find interest we use formula A=P+I, since A=8358.7 and P = 4500 we have:
A8358.7II=P+I=4500+I=8358.7−4500=3858.7
If you don30,000 + 3,500 you get 33,500 so the answer is 33,500☺️
Answer:
24
Step-by-step explanation:
Answer:
Carmen made $25,000 in sales in the month.
Step-by-step explanation:
To find the total number of sales, start with the amount she made in commission and then divide by the percentage of commission that she makes.
$2,500/10% = $25,000
Answer:
X
Step-by-step explanation:
