$206.27 per month is needed to payoff the balance in 2 months. Total interest is $12.54.
To solve this problem, we are going to set up an equation. Let the number that we are trying to find be represented by the variable x. If we plug in the numbers that we know, we get the following equation:
3x/4 = 24
To simplify this equation, we need to multiply both sides by 4, to begin getting the x alone on the left side of the equation.
3x = 96
Finally, we need to divide both sides by 3, to get rid of the coefficient that is being multiplied to x.
x = 32
Therefore, the number that you are trying to find is 32.
As a disclaimer, I can't say I'm completely confident in this answer. Use at own risk.
Formulas:
Year 1: 328,000 (sales) - 117,000 (expense) = 211,000 (profit)
Year 2: 565,000 (sales) - x (expense) = y (profit)
Net Profit: 211,000 + y = 113,000
Math
211,000 (profit y1) + 565,000 (sales y2) = 776,000
776,000 - 113,000 (net profit) = -663,000 (expenses)
Confirm:
Net Profit: 211,000 + y = 113,000 (listed in formulas, just a reminder)
Plug in: 565,000 (y2 sales) - 663,000 (our solution) = -98,000
211,000 (y1 net) + -98,000 (our plug in) = 113,000 (2 year net profit given to us)
<em>Look</em><em> </em><em>at</em><em> </em><em>the</em><em> </em><em>attached</em><em> </em><em>picture</em><em> </em><em>⤴</em>
<em>Hope</em><em> </em><em>it</em><em> </em><em>will</em><em> </em><em>help</em><em> </em><em>u</em><em>.</em><em>.</em><em>.</em>