Answer:
Step-by-step explanation:
How do u change inches into feet
1 answer:
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Answer:
3. $600,000
Step-by-step explanation:
We have been given that a tenant rented a store to use as a real estate school at a base rent of $1,500 a month. Additionally, the tenant agreed to pay 3% of gross annual sales over $200,000.
Let us find base annual rent.
Let us find the amount of rent paid as 3% of gross annual sales.
Let us find amount of sales over $200,000 by dividing $12000 by 3% or 0.03.
Total sales would be $400,000 plus $200,000.
Therefore, the total sales for that year was $600,000 and 3rd option is the correct choice.
Answer:
3yrs
Step-by-step explanation:
Given parameters:
Capital = $700
Percentage interest = 4% per annum
Unknown:
Time it will take for amount to be = $784
Solution:
To find the simple interest on an amount;
I =
P is the principal
R is the rate
T is the time
I is the interest
Insert the parameters:
I =
I = 28T
So;
At the end of the duration:
Principal + Interest = Amount
700+28T = 784
28T = 784 - 700
28T = 84
T = 3yrs