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Interest is $1,320. <span><span>P is the principal amount, $6,600.
</span><span>r is the interest rate, 4% per year, or in decimal form, 4/100=0.04.
</span><span>t is the time involved, 5 years time periods.
</span><span>So, t is 5 year time periods.
</span></span>I= p x r x t
In order to get the final number just add $1,320 + $6,600 which is $7,920
Answer:
The total profit earned by the bakery today was of $495.75.
Step-by-step explanation:
Spending:
83 + 7 = 90 cakes made, each costing 6.25. So

Earnings:
83 cakes sold by $12.75, so:

Profit:
Earnings subtracted by spending, so:

The total profit earned by the bakery today was of $495.75.