Chloe works for an estate agent. Her monthly pay is made up of a salary of £1,850 and a bonus of £250 if she sells at least 2 properties.

She is also paid 3% of the agency's annual profit at the end of the year.

Last year the agency had an income of £356,000 and costs of £280,000.

There were 2 months in which Chloe sold 2 or more properties.

What was Chloe's total pay last year?

answer: the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

step-by-step explanation:

the given rate of interest i= 85%

in calculating the monthly payment for a loan with an interest rate compounded monthly, the value of the interest rate per period we use in the formula must be in decimal form.

to convert it in decimal, we divide it by 100, we get

hence, the value should be used for i in the formula of calculation the monthly payment , the interest rate per period is 0.85.

first, we define the variables:

x: number of years after 1950

f (x): amount of vinyl sold.

then, with the variables defined, we have:

68594 vinyl records were sold in 1958 > f (8) = 68594

91299 vinyl records were sold in 1961 > f (11) = 91299

38720 vinyl records were sold in 1952 > f (2) = 38720

161743 vinyl records were sold in 1967 > f (17) = 161743

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step-by-step explanation: