1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bazaltina [42]
2 years ago
10

An aerospace engineering company borrowed $100,000 from the bank to get their company started. The company promised to pay a mon

thly payment of $500 to pay off the loan. The company could potentially turn profits of $20,000 a month. How long will it take the company to make $200000? *
English
1 answer:
Dovator [93]2 years ago
4 0

Answer:

Explanation:

aerospace engineering company borrowed $100,000 from the bank to get their company started. The company promised to pay a monthly payment of $500 to pay off the loan. The company could potentially turn profits of $20,000 a month. How long will it take the company to make $200000?

Amount borrowed = $100,000

Monthly repayment = $500

Monthly profit = $20,000

How long it'll take company to make $200,000

Since the company pays back $500 monthly, then net profit per month will be :

$20,000 - $500 = $19500

How long it'll take to make $200,000

Projected profit / net profit per month

$200,000 / $19500

= 10.256410

= about 10 months

You might be interested in
Explain how the social structure of society shifted during the Renaissance period.
Daniel [21]
The people of Renaissance Florence, like most city–states of the era, were composed of four social classes: the nobles, the merchants, the tradesmen and the unskilled workers. The nobles lived on large estates outside the city walls. They owned most of the city's land, so the nobles controlled.
7 0
3 years ago
If a reporter receives an anonymous tip claiming that the sheriff is taking payouts from a local gang, what must the reporter as
tresset_1 [31]

The correct answer is; "What proof the tripster is able to provide".

That´s because as a reporter, he must make sure about the authenticity of the accusation as he cannot post apocryphal news.

5 0
3 years ago
What is the best way to tell whether a passage contains an argument or not
Step2247 [10]

Answer:

you can tell whether a passage contains an argument or not when there is a proposal and opposal

7 0
3 years ago
Which one of the following sentences accurately describes the theme of a literary work?
aivan3 [116]

May I please have the sentences to help with the question?

5 0
3 years ago
Need help with number 10 please
taurus [48]

Answer: C

Explanation:

imagine this as a movie. The way how the character is screaming run! it would make me be on edge.

5 0
2 years ago
Read 2 more answers
Other questions:
  • Explain totalitarianism in your own words.
    14·1 answer
  • What compound-complex sentence can be formed from the underlined section of the passage to add variety to the paragraph?
    7·1 answer
  • What made the roaring 20's an exciting decade? What caused this change ?
    5·1 answer
  • PART A: Which sentence described the main theme of the drama?
    14·1 answer
  • MARK BRAINLIEST AND 12 POINTS
    14·2 answers
  • 3 reasons to why you should site your sources
    11·1 answer
  • ?????????????hmmmmmm
    8·1 answer
  • In what ways do people, past and present, demonstrate their imperfections by embodying ideas from one or more of these positions
    9·1 answer
  • Which of the following is a central idea in the conclusion of the Declaration of Independence?
    15·2 answers
  • Help please any answers ??!!
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!