2. Tom makes $50 a day, 5 days a week. If his rent every four weeks was $500, what is
2 answers:
His overall net profit would be $500 dollars because every two weeks he makes $500 so over 4 weeks he would make $1000, but lose $500 to rent.
Answer:
$500 net profit in 4 weeks
Step-by-step explanation:
+$50 a day, 5 days a week, -$500 every 4 weeks
1. solve for initial profit in 4 weeks
5 profitable day*4 weeks= 20 days Tom makes a profit
20 days*$50= $1000 in 20 days
2. subtract rent from initial profit
1000-500= $500
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Given:
Principal, P = $1800
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Time, t = 5 years
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On substituting the value we get
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