Jackson deposited $5000 at 3.8% interest compound continuously when he was 18 years old. how much will be in the account when he is 40 years old if he made no other deposits or withdrawals

$11535.60

Step-by-step explanation:

We have been given that Jackson deposited $5000 at 3.8% interest compound continuously when he was 18 years old.

To find the amount that Jackson will earn when he is 40 years old, we will use compound interest formula.

A= Amount after T years.

P= Principal amount.

e= Mathematical constant e.

r= Interest rate (in decimal form).

T=  Time in years.

Let us convert our given interest rate into decimal form.

Upon substituting our given values in above formula we will get,

Therefore, Jackson will have $11535.60 in his account when he is 40 years old.

$2416.6

step-by-step explanation:

per hour = $ 25

total work time = 35

commission = 15%

total she has to make = $ 4,500

let she sold x dollar products

so her commission will be 15 % of x

now

total = weekly basic pay + commission

4500= (25*35) + 15 % of x

4500=875 + * x

4500-875 =   * x

3625= * x

multiplying wwith 100 on both sides gives

36250 = 15 x

now

x =  

x= $2416.6