Answer: $200
Step-by-step explanation
Principal = $2000
Rate = 15%
Time = 8 months = 8/12 = 2/3 years
Interest = Principal × Rate × Time
= 2000 × 15% × 2/3
= 2000 × 15/100 × 2/3
= $200
The interest is $200
$728.00 I’m assuming. Because the equation should be A(t)= P(1+i) ^t right? Telling us that P= principal, i= interest & t= time.
I’m assuming from MY financial mathematics class.
Answer:
Step-by-step explanation:
47.91 + 23.96 + 35.09 = 106.96 <== actual answer
now if u were wanting an estimate, I would have done :
48 + 24 + 35 = 107
Let's find out the cost of labor shall we...
$8 x 40 x 2 = $640
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Now let's answer your question...
($640)/($2000) = 0.32
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This means that the cost of labor would be equal to 32% of the revenue as 0.32 = 32/100.
4.16 × 10^(-5) = 0.0000416
