exam
Maths Puzzle
Numerical Ability
What is the future value of a 5 - year ordinary annuity that promises to pay you $300 each year? The rate of interest is 7 percent.
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exam Other Question
Bob owns a car wash and pays his employees either $5 plus 2% commission or $3 plus 4% commission. How much would sales have to be for the pay to be equal?
I got:
y= 5+.02x
y= 3+.04x
Not sure what x=?
Can you help?
Margin of Profit is the net income divided by total sales.
A company's margin of profit increased by .02 from last year.
Last year the company sold its product at $3.00 each a