Answer: $10000
Step-by-step explanation:
From the question,
Principal = $43000
Time = 5 years
Rate = Unknown
Simple Interest = $51,600 - $43000 = $8600
We need to calculate the rate of interest which will be:
Interest = PRT/100
8600 = (43000 × 5 × Rate) / 100
Cross multiply
8600 × 100 = 215000 × Rate
Rate = 860000 / 215000
Rate = 4%
Assuming Justine borrowed $50,000 instead, the yearly Interest will be:
= (50000 × 5 × 4%)
= 50000 × 5 × 0.04
= $10000
Answer:
x = 1
Step-by-step explanation:
Plan A: 20 + 10x
Where, x = fee per lesson
Plan B: $3 × 10 lessons = $30
Equate plan A and plan B
Plan A = Plan B
20 + 10x = 30
10x = 30 - 20
10x = 10
x = 10/10
= 1
x = 1
one of its games. The company sets a goal of $75,000 profit on the game for the first
month of its roll out. How many games does the company need to sell in order to reach its
profit goal?
explain your work
Answer:
Break-even point in units= 22,273
Step-by-step explanation:
Giving the following information:
Contribution margin per game= $3.59
Fixed cost= $4,960
Desired profit= $75,000
To calculate the number of games to be sold, we need to use the following formula:
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (4,960 + 75,000) / 3.59
Break-even point in units= 22,273
a = 2
b = -3
2ab = 2*2*(-3)= 4*(-3) = -12
Answer:
what do you mean by that?
Step-by-step explanation:
Answer:
12 yards
Step-by-step explanation:
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