A broker charges customers a fixed fee of 150 plus 5.50% of the amount of all investments made. If a customer invests £40000 through the broker what is the total brokerage payable.

£2350

Step-by-step explanation:

Commission on the £40,000 = 0.055 x £40000 = £2,200

Total brokerage payable = £2,200 + £150 = £2350

let y equal to

the total fare and x is the mile of taxi ride. so the equation is

y = 0.55x + 1.75

since susie has

$10 to spend for a taxi cab, so he can have

10 = 0.55x +

1.75

x = 15 miles of

taxi ride

so the system of

inequality is

10 < 0.55x +

1.75

x > 2