Relacionar Columnas Interest and CommissionVersión en línea In this activity, your understanding about interest and commission will be assessed. por YAHWE GIBERTAS 1 A total of $1,200 is invested at a simple interest rate of 6% for 4 months. How much interest is earned on this investment? 2 An investment earns 3% compounded monthly. Find the value of an initial investment of $5,000 after 6 years. 3 What is the value of an investment of $3,500 after 2 years if it earns 1.5% compounded quarterly? 4 Tiffany makes a base monthly salary of $3600. As a vendor, she must sell $17000 worth of items per month. She also makes a 5% commission on all sales beyond the monthly quota. If Tiffany sold $23800 worth of items this month, what is her total salary for the month including base salary and commission to the nearest dollar? 5 Mrs. Jefferson purchased an antique statue for $450. Ten years later, she sold this statue for $750. If the statue is viewed as an investment, what annual rate did she earn? 6 Jose makes 10000 a month plus some money by commission rates. He gets 6% of everything he sells. If Jose sold $59000 worth of items this month, what is his salary for the month? 7 A business takes out a simple interest loan of $10,000 at a rate of 7.5%. What is the total amount the business will repay if the loan is for 8 years? 8 A 2-year loan of $500 is made with 4% simple interest. Find the interest earned. 9 haron makes money by commission rates. She gets 17% of everything she sells. If Sharon sold $37000 worth of items this month, what is her salary for the month? $16,000 5.24% $24 $40 $5,984.74 $3940 $6290 $13540 $3,606.39
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