Question 170577: if a salesman made 25,000.00 in sales after 3 months, and after 23 months he made 68,000.00, how much would he make after 32 months? I can't find a formula anywhere.
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! if a salesman made 25,000.00 in sales after 3 months, and after 23 months he made 68,000.00, how much would he make after 32 months? I can't find a formula anywhere.
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You have two points; generate an equation to find income:
Points: (3,25000.00) and (23,68000..00)
slope = (68000-25000)/(23-3) = (43,000/20) = 2150
intercept: 25000= 2150*3 + b
b = 18550
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Equation:
income = 2150(months) + 18550
income(23) = 2150*23 + 18550
income(23) = 68,000
Cheers,
Stan H.
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