Question 11 • 2027 Ignite Financial Literacy-Personal Finance - EL3403
Pete earns 7% on the first $35,000: 0.07 × $35,000 = $2,450. The remaining $8,000 earns 9%: 0.09 × $8,000 = $720. Adding the commissions gives $2,450 + $720 = $3,170, so the correct choice is $3,170.
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