A salesman is paid commission of 10 per week for each life insurance policy that he has
Question:
A salesman is paid commission of £10 per week for each life insurance policy that he has sold. Each week he sells one new policy so that he is paid £10 commission in the first week, £20 commission in the second week, £30 commission in the third week and so on.
a. Find his total commission in the first year of 52 weeks.
b. In the second year the commission increases to £11 per week on new policies sold, although it remains at £10 per week for policies sold in the first year. He continues to sell one policy per week. Show that he is paid £542 in the second week of his second year.
c. Find the total commission paid to him in the second year.
Step by Step Answer:
Pearson Edexcel A Level Mathematics Pure Mathematics Year 2
ISBN: 9781292183404
1st Edition
Authors: Greg Attwood, Jack Barraclough, Ian Bettison, David Goldberg, Alistair Macpherson, Joe Petran