suppose that the annual costs of hosptial for AIDS patients is as follow: a sing
ID: 2666369 • Letter: S
Question
suppose that the annual costs of hosptial for AIDS patients is as follow: a single payment of 10 thousand for materials, due at the begining of the year;12 payments of $3 thousand for rent, due at the begining of the month;12 payments of $6 thousand for salaries, due at the end of each month, these costs are to be covered by revenues from two sourcesa grant for $100 thousand from the provincial govt that is deposited at the begining of the year in a bank account paying interest at a stated annual rate of 9 percent and private donations that will be deposited in the same bank account at the end of ninth month, following a fund drive.
calculate the private donations that are needed to cover the annual costs of the hosptial
Explanation / Answer
Cost Incurred
Amount($)
Amount From govt
Amount($)
Difference
materials
10000
Govt deposits
9000
Rent 12*3000
36000
(100000*9%) =
Salaries 12*6000
72000
118000
9000
109000
The private donations that are needed to cover the annual costs of the hospital is 109000
In the same way as govt done invest 100000 in bank and interest was given to hospital
if private companies also want to invest some money to cover the expenses of hospital
If 100000 invested they get 9000 so how many they have to invest to get 109000
109000/9000 * 0.09
100000
9000
?
109000
(109000/9000)*100000
The amount they have to invest is
1211111.111
Cost Incurred
Amount($)
Amount From govt
Amount($)
Difference
materials
10000
Govt deposits
9000
Rent 12*3000
36000
(100000*9%) =
Salaries 12*6000
72000
118000
9000
109000
The private donations that are needed to cover the annual costs of the hospital is 109000
Note:-In the same way as govt done invest 100000 in bank and interest was given to hospital
if private companies also want to invest some money to cover the expenses of hospital
then they have to invest ?If 100000 invested they get 9000 so how many they have to invest to get 109000
109000/9000 * 0.09
100000
-------------9000
?
109000
(109000/9000)*100000
The amount they have to invest is
1211111.111
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