Question

Question #83447

Answer 1

`b=$27042`

Explanation:

I'll give this a stab, but no guarantees.

Immediate Expenses

`47200+3600+4500=55300`

Year-End Expense

`36000`

Salary and Bonus

x = 72000 + b

Since they say that income arrives at the end of the year, that means you are going to get a loan for `55300` to pay for the immediate expenses.

Since the interest is 14%, that means you are going to pay `55300(1.14)=63042` for the loan.

Now, to calculate what your bonus must be, you can use:

`72000+b = 36000+63042=66642`

`b = 99042-72000=27042`