Find the simple interest on#24000 at 5% per annum for a period of 4 years
2 answers:
<em>Look</em><em> </em><em>at</em><em> </em><em>the</em><em> </em><em>attached</em><em> </em><em>picture</em>
<em>H</em><em>ope</em><em> </em><em>it</em><em> </em><em>will</em><em> </em><em>help</em><em> </em><em>you</em><em>.</em><em>.</em><em>.</em>
<em>Good</em><em> </em><em>l</em><em>uck</em><em> </em><em>on</em><em> </em><em>your</em><em> </em><em>assignment</em>
<em>~</em><em>p</em><em>r</em><em>a</em><em>g</em><em>y</em><em>a</em>
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Answer: $ 6
Step-by-step explanation:
Here, the cost price of each soup = x dollars
The cost price of 16 soup = 16 x
The selling price of 16 soup = 16 x + 96
Since, the total money received for 16 soup = The selling price of 16 soup - The cost price of 16 soup
= 16 x + 96 - 16 x
= 96
Thus, the total money received for 16 soup = 96 dollars
⇒ The total money received for 1 soup = dollars
⇒ The total money received for 1 soup = 6 dollars
Hence, for each soup 6 dollars is received.