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PLEASE help due today ​

PLEASE help due today ​-example-1
User Belabrinel
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2 Answers

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Answer: Number 3; $1250

Number 4; Salesperson A ($7428.30)

Number 5; 18%

Number 6; Rent 780, Food 900, Medical 450, Clothes 300, Miscellaneous 570.

Step-by-step explanation: (No 3) The principal amount is 5000, the rate is 5% (0.05) and the time in years is 5. The formula for calculating simple interest is as follows;

I = P x R x T

I = 5000 x 0.05 x 5

I = 1250

Therefore Joanna will pay $1,250 as interest

(No 4) The amount made by both salespersons is shown as follows;

A = 11% x 67530

A = 0.11 x 67530

A = 7,428.30

B= 8% x 85740

B = 0.08 x 85740

B = 6,859.20

Therefore from the calculations above, salesperson A made more commission and the amount made is $7,428.30

(5) John's earning is 38000 and he paid 6840 for entertainment. The percentage paid for entertainment therefore is as follows;

Percent paid = (entertainment/total income) x 100

Percent paid= (6840/38000) x 100

Percent paid = 684000/38000

Percent paid = 18

Therefore he paid 18% for entertainment

(6) Nora makes a total of 3000 a month broken down as follows;

Rent = (26/100) x 3000

Rent = 0.26 x 3000

Rent = 780

Food = (30/100) x 3000

Food = 0.30 x 3000

Food = 900

Medical = (15/100) x 3000

Medical = 0.15 x 3000

Medical = 450

Clothes = (10/100) x 300

Clothes = 0.10 x 3000

Clothes = 300

Miscellaneous = (19/100) x 3000

Miscellaneous = 0.19 x 3000

Miscellaneous = 570

User Kamziro
by
5.2k points
7 votes

Answer: Number 3; $1250

Number 4; Salesperson A ($7428.30)

Number 5; 18%

Number 6; Rent 780, Food 900, Medical 450, Clothes 300, Miscellaneous 570.

Step-by-step explanation: (No 3) The principal amount is 5000, the rate is 5% (0.05) and the time in years is 5. The formula for calculating simple interest is as follows;

I = P x R x T

I = 5000 x 0.05 x 5

I = 1250

Therefore Joanna will pay $1,250 as interest

(No 4) The amount made by both salespersons is shown as follows;

A = 11% x 67530

A = 0.11 x 67530

A = 7,428.30

B= 8% x 85740

B = 0.08 x 85740

B = 6,859.20

Therefore from the calculations above, salesperson A made more commission and the amount made is $7,428.30

(5) John's earning is 38000 and he paid 6840 for entertainment. The percentage paid for entertainment therefore is as follows;

Percent paid = (entertainment/total income) x 100

Percent paid= (6840/38000) x 100

Percent paid = 684000/38000

Percent paid = 18

Therefore he paid 18% for entertainment

(6) Nora makes a total of 3000 a month broken down as follows;

Rent = (26/100) x 3000

Rent = 0.26 x 3000

Rent = 780

Food = (30/100) x 3000

Food = 0.30 x 3000

Food = 900

Medical = (15/100) x 3000

Medical = 0.15 x 3000

Medical = 450

Clothes = (10/100) x 300

Clothes = 0.10 x 3000

Clothes = 300

Miscellaneous = (19/100) x 3000

Miscellaneous = 0.19 x 3000

Miscellaneous = 570

User Ali Yesilli
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5.1k points