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29 March, 17:08

A broker has a four-year contract to manage a rental unit for an investor. He is to receive 50% of the first month's rent and 5% of each remaining month. The rent is $600/month. How much will the broker earn over the term of the contract?

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  1. 29 March, 18:09
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    Step-by-step explanation:

    600 X. 50 = 300.00 1st month

    600 X. 05 = 30.00 47 months

    30 X 47 = 1,410

    1,410 + 300 = 1,710 (final answer)
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