3000 = p( 1 + .06/2)^(4 * 2)
<span>3000 = p(1.03)⁸ </span>
<span>p = 3000/ 1.03⁸ </span>
<span>p = 2368.2277029 </span>
<span>$2368.23 <-----</span>
The answer would be
You got it right
I wish i saw this when i needed jt too
Explanation
Absolutely
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Answer:
የቤት ስራዎን እንዲያከናውን አንድ ሰው በተሻለ ሁኔታ እንዲያገኙዎት እነግርዎታለሁ
50,000 / 2500 = 20....he bought them for 20 bucks a piece. So if he wants to sell them at 15% profit, he would sell them for 20 + 0.15(20) = $ 23 bucks.
A 15% profit of 50,000 dollars is 0.15(50,000) = 7500. Plus the 50 grand spent totals 57500. So they want to make a $ 7500 profit. Selling 2500 lamps at $ 23 per lamp (2500 x 23 = 57500) makes them their profit.
I should just shut up now...answer is $ 23 per lamp
