Answer: 18.6%
Explanation:
Cost of 20 kg of beans at #150 per kg is:
= 20 * 150
= #3,000
Cost of 15 kg of beans at #180 per kg is:
= 15 * 180
= #2,700
Total cost is:
= 3,000 + 2,700
= #5,700
Mixing both beans results in a weight of:
= 20 + 15
= 35 kg
This 35kg is sold at #200 per kg so the revenue is:
= 35 * 200
= #7,000
Percentage profit is:
= (Revenue - Cost) / Revenue * 100%
= (7,000 - 5,700) / 7,000 * 100%
= 18.6%
A line of credit is the MAXIMUM amount of credit a bank will provide a borrower at any one time.
Line of credit is an agreement between the customer and a financial institution, usually a bank. The agreement establishes a maximum amount that the customer can borrow from the bank at any given time. Customer can draw from the line of credit as long as he or she does not exceed the maximum limit imposed on it.<span>
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Answer:
8000
Explanation:
200000 divided 100 multiply by 4% equal 8000
Answer:
C = $ 5064.61
Explanation:
You are given the present value of an annuity PV = 81 000
5.1 % is .051 in decimal form
quarterly, this is i = .051/4 interest per period (3 months)
4 1/2 years is n = 18 periods
The equation to use is ( you just have to look these up.....there are many different situations)
PV = C * { (1-(1+i)^-n) / i }
Plugging in the above numbers results in:
C = $ 5064.61
