Answer:
750 profit
Step-by-step explanation:
Given :
Profit of 10 on white cement
Loss of 5 on Grey cement
Number of white cement sold = 325 bags
Number of Grey cement sold = 500 bags
Total profit made on sale of white cement :
10 * 325 = 3250
Loss made on sale of Grey cement :
5 * 500 = 2500
Total profit or loss :
3250 - 2500
= 750
Profit value is greater than. Loss value (hence, total profit of 750 was made).
Answer:
future value = $49163.8
so required amount will be $491200 nearest $100
Step-by-step explanation:
given data
annual interest rate = 6 %
annuity = $300 per month
time period = 10 years
to find out
how much money will they have for the college expenses
solution
we know that effective rate will be
effective rate =
effective rate = 5 ×
number of payment = 12 × 10 = 120
so future value will be express as
future value = annuity × .........1
future value = 300 ×
future value = 300 × 163.8793
future value = $49163.8
so required amount will be $491200 nearest $100