For this case, the sales space of the displays is given by:
(2400) * (1-0.60) = 960 feet ^ 2
We now look for the area of each display:
(10) * (4) = 40 feet ^ 2
With this information, we can then search the number of displays:
N = (960) / (40)
N = 24 displays
Answer:
you can fit 24 displays.
Simple interest = Cost Price + (Interest Percentage of Cost Price × number of years or months we are paying off)
a) SI = £20 000 + (5% of £20 000 × 4)
SI = £20 000 + (£1000 × 4)
SI = £20 000 + £4000 = £24 000
b) SI = £20 000 + (5% of £20 000 × 3)
SI = £20 000 + (£1000 × 3)
SI = £20 000 + £3000 = £23 000
£24 000 - £23 000 = £1000 that you saved!
