Question

a man offered 0.5% commission for the first Rs 600000 and 1% commission for the rest sum of money to a brother to sell a land. if the brother sells the land for Rs 1500000, find his commission

Answer 1

Answer:

Explanation:

3-1

If you had $1,000 now and invested it at 6%, how much would it be worth 12 years from now?

Solution

F = 1,000(F/P, 6%, 12) = $2,012.00

3-2

Mr. Ray deposited $200,000 in the Old and Third National Bank. If the bank pays 8% interest,

how much will he have in the account at the end of 10 years?

Solution

F = 200,000(F/P, 8%, 10) = $431,800

3-3

If you can earn 6% interest on your money, how much is $1,000 paid to you 12 years in the future

worth to you now?

Solution

P = 1,000(P/F, 6%, 12) = $497.00

3-4

Determine the value of P using the appropriate factor.

Solution

P = F(P/F, 6%, 5) = $500(0.7473) = $373.65

3-5

Downtown is experiencing an explosive population growth of 10% per year. At the end of 2005