You are offered two sales jobs. One company offers an annual salary of $22,500 plus a year-end bonus of 1.5% of your total sales. The other company offers a salary of $20,000 plus a year-end bonus of 2% of total sales. What amount of sales will make the second offer better? Explain.
An inheritance of $20,000 was divided among three investments yielding $1780 in interest per year. The interest rates for the three investments were 7%, 9%, and 11%. Find the amount placed in each investment if the second and third were $3000 and $1000 less than the first, respectively.
Any help would be appreciated, thanks!
An inheritance of $20,000 was divided among three investments yielding $1780 in interest per year. The interest rates for the three investments were 7%, 9%, and 11%. Find the amount placed in each investment if the second and third were $3000 and $1000 less than the first, respectively.
Any help would be appreciated, thanks!