A company will need $45000 in 5 years for a new addition. To meet this goal, the company deposits money in an account today th
1 answer:
The general formula is
A = P ( 1 +
Where:
P = principal that becomes A in t years at the rate I% compound interest per annum.
Here the rate is 7% per annum (12 months)
So I is 1.75% per quarter (3 months)
So t will also be in quarters.
Put:
A = 45000
I = 1.75
t = 20 (since there are 20 quarters in 5 years)(5 years * 4 quarters per year)
45000 = P*
P =
=
≈$31807.12
Thus, the amount that should be invested is $31,807.12
A = P ( 1 +
Where:
P = principal that becomes A in t years at the rate I% compound interest per annum.
Here the rate is 7% per annum (12 months)
So I is 1.75% per quarter (3 months)
So t will also be in quarters.
Put:
A = 45000
I = 1.75
t = 20 (since there are 20 quarters in 5 years)(5 years * 4 quarters per year)
45000 = P*
P =
=
≈$31807.12
Thus, the amount that should be invested is $31,807.12
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this company sells "p" units, each at $855, so their Revenue will just be 855p, expenses or Cost is a fixed amount of $6780, so the profit comes from their difference.
on a given month, they sold 250, namely p = 250, so their Revenue is just 250*855 = 213750 bucks, however, we need to remove the Costs of 6780, 213750 - 6780 = 206970, that's our Profit.
now, the CEO takes a bite of 15% of that
we know he made a profit of 1834 for 200 shirts, let's divide those to see how much profit per shirt
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