Answer:
$1710
Step-by-step explanation:
The broker has a 4 year contract .
Rent =$600/month
He’s to receive 50% of the first month’s rent.
50% / 100% x $600
0.5 x $600
$300 , so his first month rent is $300.
He’s to receive 5% of each remaining month
5% /100% x $600
0.05 x $600 =$30
There are 12 months in a year and 48 months in four years .
If he earns $300 in the first month and $30 in the rest month, amount he would have earned at the end of his contract is = $300 + ($30 x 47 months)
= $300 + $1410
= $1710
