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  3. 10) robert makes a commission of 13% on all his sa

10) Robert makes a commission of 13% on all his sales. Recently, he has sold...

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Accounting

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10) Robert makes a commission of 13% on all his sales. Recently, he has sold $50,000 worth of goods. After receiving his commission pay, he decides to put the entire amount into a 4-year investment which earns 5% interest per year. How much interest will he make by the end of the 4 years? (Simple Interest, 2 marks)

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