A warehouse charges its customers $4 per day for every 10 cubic feet of space used for storage. The figure records the storage u
sed by one company over a month. How much will the company have to pay?
1 answer:
Figure 1 is the original figure, while figure 2 is modified, so that a triangle and a rectangle can be easily observed.
The area of triangle and rectangle represents the total number of cubic feet of storage multiply by the number of days of storage usage.
Hence
Total Area = Area of triangle + Area of rectangle
= 30 x 10,000 + ½ 30 x (30,000 – 10,000)
= 300,000 + 300,000
= 600,000
As 10 cubic feet of storage cost $5 for a day, so total amount company have to pay
<span>= (5 x 600,000) / 10 = $300,000</span>
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Answer: The amount of money in his account after 4 years = $7,658.73
Step-by-step explanation:
If interest is compounded annually, then formula to compute amount :
, where P+ principal value, r= rate of interest, n= time ( in years).
As per given,
P= $6700 , r = 3.4% =0.034, n =4
Hence, the amount of money in his account after 4 years = $7,658.73