Question

An investor has to pay her financial advisor ​% of any interest she earns this year that is over ​$. If the investor earns ​$ in interest this​ year, how much will she pay her financial​ advisor?

Answer 1

To calculate the amount the investor will pay her financial advisor, we need to determine the excess interest earned above a certain threshold and calculate the advisor's fee based on that excess amount.

Let's assume the percentage fee is denoted by "x," and the threshold is represented by "y" dollars.

So, if the investor earns "z" dollars in interest this year, the calculation would be as follows:

Excess interest = z - y (if z > y)

Advisor's fee = (x/100) * (z - y)

If the investor earns less than or equal to the threshold amount (i.e., z <= y), there will be no fee paid to the advisor.

Please provide the specific values for the percentage fee and the threshold amount, as well as the interest earned, so I can calculate the advisor's fee accurately.

Explanation: