The amount he would earn is $490.
What does multiplication mean?
Multiplication is the process of determining the product of a number. It is determined by following some mathematical processes. The sign used to represent multiplication is ×.
How much will he earn?Commission = 3.5% x $14,000
0.035 x $14,000 = $490
To learn more about multiplication, please check: https://brainly.com/question/13814687
Samantha invested $670 in an account paying an interest rate of 5.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $1,740?
Answer:
17 years
Step-by-step explanation:
The formula for the value of an account earning compound interest can be used to find the number of years. That formula is ...
A = P(1 +r/n)^(nt)
where P is the principal invested at annual rate r compounded n times per year for t years.
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Solving for t, we find ...
A/P = (1 +r/n)^(nt) . . . . . . divide by P
log(A/P) = nt·log(1 +r/n) . . . . take logarithms
t = log(A/P)/(n·log(1 +r/n)) . . . . . divide by the coefficient of t
For the given values, the time required is ...
t = log(1740/670)/(365·log(1 +0.055/365)) ≈ 17.353
It would take about 17 years for the account value to reach $1740.
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Additional comment
The time-value-of-money (TVM) apps of your calculator or spreadsheet can be used to find the time period of interest. Here, setting P/Y = 1 gives N in years.
16 is what percent of 20?
Answer:
3.2
Step-by-step explanation:
how many men have a waist measurement of more than 85cm
Answer:
29
Step-by-step explanation:
What is the answer I need help pls
Answer:
The answers are,
-3, -7
-2, 4
0, 2
2, 8
3, 11
Step-by-step explanation:
You just plug in the domain values into the equation and solve for f(x), so your domain number is your x value and the y value(f(x) value) is the answer