Math  /  Numbers & Operations

QuestionThe number of days to recapture the project initial outlay if you were given that the payback period equals 1.2 and the days of the year =360=360
Select one: a. 380 days b. None of the above c. 432 days d. 482 days

Studdy Solution

STEP 1

1. The payback period given is 1.2 years.
2. The number of days in a year is given as 360 days.
3. The goal is to convert the payback period from years to days.

STEP 2

1. Convert the payback period from years to days.
2. Match the calculated number of days to the provided options.

STEP 3

Calculate the number of days corresponding to the payback period of 1.2 years using the given number of days in a year.
Number of days=Payback period (years)×Days in a year \text{Number of days} = \text{Payback period (years)} \times \text{Days in a year}
Number of days=1.2×360 \text{Number of days} = 1.2 \times 360

STEP 4

Perform the multiplication to find the number of days.
Number of days=1.2×360=432 \text{Number of days} = 1.2 \times 360 = 432

STEP 5

Compare the calculated number of days (432) to the provided options.
The correct answer is:
c. 432 days

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