The profit is 864.3 dollars per annum.
Here, principle amount (P) = 2150 dollars
Rate of profit ( R )= 6.70 %
Time period (T) = 6 years
Therefore, Interest = PRT/100
= 2150 x 6.70 x 6 / 100
= 86430/100
=864.3
Therefore the profit is 864.3 dollars.
Subtract the price price and selling rate, to get the earnings quantity. To calculate the earnings margin, divide the profit quantity with cost fee. Multiply the earnings margin with a hundred to get in percentage.
Profit is revenue minus charges. For gross income, you subtract some costs. For internet profit, you subtract all prices. Gross profits and running earnings are steps on the street to net earnings.
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