The Brown family's dinner bill was 75 89 and they lert 1000 as a tip. What percent was the tip?
ON
138

Answers

Answer 1

Answer:

Percentage of tip = 13.18% (Approx.)

Explanation:

Given:

Total amount of dinner bill = 7,589

Amount of tip = 1,000

Find:

Percentage of tip

Computation:

Percentage of tip = [Amount of tip / Total amount of dinner bill]100

Percentage of tip = [1,000 / 7,589]100

Percentage of tip = [1,000 / 7,589]100

Percentage of tip = [0.131769]100

Percentage of tip = 13.1769

Percentage of tip = 13.18% (Approx.)


Related Questions

What would be Tipical Day for a Doctor ?​

Answers

Answer:

20 patients would be tipical Day for a doctor

hope it is helpful to you

With an average of 20 patients daily, physicians jump from patient to patient and diagnosis to diagnosis. One may come in with a rash; the next complains of heartburn; the next, chest pain; and so on.

Economics
A baker bought flour and other ingredients for $250.00 and spent $52.00
on distribution, sold the bread for $320.00. The value added is
a) $302.00
b)$52.00
c)$18.00
d) $622.00​

Answers

Answer:

I'm pretty sure it's c.

Explanation:

320-250-52=18?

Why are most cars manufactured in China?

Answers

Answer:

China remains the world’s largest automotive manufacturing country and automotive market since 2009. Annual vehicle production in China accounted for over 30 percent of worldwide vehicle production, which exceeds that of the European Union or that of the United States and Japan combined.

Explanation:

I found this on a  website called statista.com I couldnt find why i am sorry

During July at Pool Company, $65,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record this requisition would include a debit to Manufacturing Overhead of: Multiple Choice $65,000 $4,000 $0 $61,000

Answers

Answer:

$4,000

Explanation:

Preparation of the journal entry.

Based on the information given we were told that The indirect materials totaled the amount of $4,000 which means that the appropriate journal entry to record this requisition would include a DEBIT TO MANUFACTURING OVERHEAD of the amount of $4,000.

(To record requisition)

People with a strong global mindset Question 18 options: can judge the competence of others by their national or ethnic origins. have a more parochial frame of reference about their business and its environment. are able to process and analyze large volumes of information in new and diverse situations. tend to rely on stereotypes to gain better knowledge about individuals.

Answers

Answer: are able to process and analyze large volumes of information in new and diverse situations

Explanation:

Global mindset includes refers to the openness, and the respect for the opinions and the practices of other people in other parts of the world.

It is the ability to be able to act across different cultures effectively. People that has a strong global mindset can process and analyze large volumes of information in new and diverse situations.

This jacket is so thin. It can't possibly keep out the rain."(Use the boomerang method.)

Answers

Answer:

The jacket is thin because it uses a fiber called thinsulate that enables it to have the lightest weight but is also the warmest.

Explanation:

In general marketing, the boomerang method refers to the 'reconstruction' of the customer's objection into the main reason for buying. In other words, using the same excuse that a customer has about a product to entice him/her to buy that product by reframing it as a selling point is known as the boomerang method.

In the given scenario, the customer's objection is about the thinness of the jacket can be used as a selling point by the salesman by stating that the lightness of the jacket is what makes it a good product. So, if the seller tells the customer "the jacket is thin because it uses a fiber called Thinsulate that makes it thin but also warm", then that will make it an interesting and important factor for the customer to like the product more.

The Federal Securities Act and the Securities Exchange Commission aimed to a prohibit completely the sale of stocks on margin (i.e. with borrowed funds). b prevent interlocking directorates and business pyramiding schemes. c provide full disclosure of information and prevent insider trading and other fraudulent practices. d stop the practice of establishing interlocking directorates on America's corporate boards that produced controversial conflicts-of-interest in the governance of American businesses. e force stockbrokers to register with the federal government.

Answers

Answer:

c. provide full disclosure of information and prevent insider trading and other fraudulent practices.

Explanation:

The Security Act of 1933 was a step initiated towards the regulation of the stock market. The power was shifted from the hands of State legislation and granted to the federal government to regulate the stock market. It was also designed in a way that it provided the set of rules that helped in preventing any act of fraudulent. President Franklin D. Roosevelt signed and passed the act.

Which example best describes how a bank injects money into the economy?
O A bank opens a savings account for a customer.
A bank approves a loan for a customer.
A bank buys a company's rapidly growing stock.
O A bank buys property in a bustling business district.

Answers

Answer:

The correct answer would be option B, A bank approves mortgage for a customer. Explanation: Injecting money into the economy means increasing money supply in the economy

Explanation:

paki brainliest na lang po

sana makatulong po

The most practical measure of how a bank can inject money into the economy exists to support the mortgage for a customer.

How does a bank inject money into the economy?

Injecting money into the economy suggests increasing the money supply in the economy. It indicates more money exists in circulation. So when a bank supports a mortgage for a buyer, it signifies the bank exists discharging money that will be in circulation and evolves a portion of the economy. A mortgage exists the loan or money that a bank or financial organization loans to a person or group on an agreed-upon interest rate in interaction with their property with the state that the bank will market the belongings to earn its money back if the borrower dies to repay the loaned money. So the most practical measure of how a bank can inject money into the economy exists to support the mortgage for a customer.

Therefore, the correct answer is option B) A bank approves a loan for a customer.

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Flowers, a married taxpayer, purchased an annuity for $64,400 that will pay $700 per month over the life of Flowers and Flowers' spouse. At the time of purchase the couple's joint life expectancy was 23 years. Flowers received payment beginning April 1, year 1, amounting to $6,300 in the first year of the annuity contract. How much is includible in Flowers' gross income in the first year

Answers

Answer:

Explanation:

$6,300ANSWER: C. $4200

23 x 12 x 700= 193,200

64,400/193200=0.333

700*0.333 = 467 = 467*9= $4203

difference between administrative manpower and technical manpower​

Answers

The difference between the technical and administrative manpower is as follows:

Work role undertakenFocus on project or organizationType of tasks being preformed

What is meant by manpower?

Manpower is the human resource or workforce being employed on the work assigned in the organization.

Administrative manpower is engaged in planning and implementing the policies in an organization whereas technical manpower executing the tasks related to a project.Administrative manpower relates the organization as a whole while the project work is tied with the appointment of technical manpower.Administration tasks are preformed by admin manpower whereas technical and clerical tasks are initiated by technical manpower.

Therefore, the comparison between both the man-powers being explained as above.

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alan Associates prepared its financial statement for 2017 based on the information given here. The company had cash worth $1,234, inventory worth $13,480, and accounts receivables worth $7,789. The company's net fixed assets are $42,331, and other assets are $1,822. It had accounts payables of $9,558, notes payables of $2,756, common stock of $22,000, and retained earnings of $14,008. How much long-term debt does the firm have

Answers

Answer:

$18,334

Explanation:

Calculation to determine How much long-term debt does the firm have

Current assets = $1,234 + $7,789 + $13,480

Current assets = $22,503

Total assets = $22,503 + $42,331 + $1,822

Total assets = $66,656

Current liabilities = $9,558 + $2,756

Current liabilities= $12,314

Total stockholders' equity = $22,000 + $14,008 Total stockholders' equity= $36,008

Now let calculate the Long-term debt using this formula

Long-term debt = Total assets - Current liabilities - Total stockholders' equity

Let plug in the formula

Long-term debt = $66,656 - $12,314 - $36,008

Long-term debt = $18,334

Therefore How much long-term debt does the firm have is $18,334

Planning is the function of management that involves setting objectives and determining a course of action for achieving these objectives.

Answers

Answer:

true.

Explanation:

This statement is correct, as it is in the planning stage when organizational management defines its objectives and goals and action plans to achieve them.

The strategic planning of a company is one of the most important steps for the organization, it comprises the long term in the organization, so it must be well structured, contain the organizational mission, vision and values that will identify the organization in the market and help in achieving the goals and objectives.

The course of action defined in the planning must be constantly monitored and revised when necessary, as it is through this planning that a company becomes well positioned, competitive and profitable in the market in which it operates.

What does a person need if he or she is not able to pay for a planned purchase in full with a check or cash? A. a credit card B. a good credit score C. a long-term loan from a bank D. an interest-free loan from a credit union

Answers

Answer:

A. a credit card

Explanation:

A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.

Generally, there are three (3) main types of credit card and these includes;

I. Debit card.

II. Prepaid card.

III. Retail charge cards.

A person needs credit card, if he or she is not able to pay for a planned purchase in full with a check or cash.

In conclusion, businesses or companies that avail their customers the opportunity to pay using a credit card will experience an increase in the number of customers that would patronize them because they are typically buying the goods and services on credit.

Successful differentiation allows a firm to Multiple Choice attract many more buyers by charging a lower price than rivals and thereby take sales and market share away from rivals. command a premium price for its product and/or increase unit sales (because additional buyers are won over by the differentiating features). gain buyer loyalty to its brand (because some buyers are strongly attracted to the differentiating features and bond with the company and its products); and command a premium price for its product and/or increase unit sales (because additional buyers are won over by the differentiating features). gain buyer loyalty to its brand (because some buyers are strongly attracted to the differentiating features and bond with the company and its products). increase unit sales (because additional buyers are won over by the differentiating features) and lower incremental input costs.

Answers

Answer:

command a premium price for its product, and/or increase unit sales, and/or gain buyer loyalty to its brand.

Explanation:

Successful differentiation allows a firm to attract many more buyers by charging a lower price than rivals and thereby take sales and market share away from rivals, command a premium price for its product and/or increase unit sale, and gain buyer loyalty to its brand.

When a product or service offers unique and appealing features, some buyers become strongly attracted to it, forming a bond with the company and its products. This loyalty translates into repeat purchases and a decreased likelihood of switching to a competitor's offering.

Additionally, successful differentiation can increase unit sales by winning over additional buyers who are enticed by the distinctive features of the product. This expanded customer base contributes to higher sales volumes and improved market performance.

Lastly, differentiation can lead to lower incremental input costs. When a company stands out from its competitors, it may enjoy economies of scale, bargaining power with suppliers, or other cost advantages that result in reduced production costs. This can further enhance profitability and competitiveness.

In summary, successful differentiation allows a firm to attract more buyers, command a premium price, gain buyer loyalty, increase unit sales, and potentially lower incremental input costs.

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In the context of work team processes, cooperative teamwork skills: Group of answer choices include the ability to have access to information for monitoring where the team and members are in the competition. include competitiveness and close monitoring. are those abilities that affect individual performance. are those activities essential to the effective interpersonal relationships within a group or a team.

Answers

Answer:

(D) ​include open communication, trust, personal integrity, positive interdependence, and mutual support.

Explanation:

With respect to the process made for the work team, the skills of the cooperative teamwork generally involves the open communication so that there is no misunderstand, also it includes the trust, mutual support, and other things so that the employees feel comfortable and they dont hesitate while asking anything

So as per the given situation, the above should be the answer

If demand price elasticity measures 2, this implies that consumers would Group of answer choices buy twice as much of the product if the price drops 10 percent. require a 2 percent drop in price to increase their purchases by 1 percent. buy 2 percent more of the product in response to a 1 percent drop in price. require at least a $2 increase in price before showing any response to the price increase. buy twice as much of the product if the price drops 1 percent.

Answers

Answer:

buy twice as much of the product if the price drops 10 percent.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price

If price elasticity is 2, it means that the percentage change in quantity demanded is twice greater than the percentage change in price

If price drops by 10%, and elasticity is 2, demand would increase by 20%

2 = percentage change in quantity demanded / percentage change in price

2 =  percentage change in quantity demanded / 10

Percentage change in quantity demanded = 10 x 2 = 20

 

Some industries’ competition is much more intense than others. Retail grocery stores such as Kroger, Safeway, and Albertson’s in the United States experience fierce competition and offer similar marketing campaigns to compete. What is this an example of in terms of Porter’s Five Forces Model? Multiple Choice rivalry among new entrants rivalry among existing competitors threat of substitute products or services buyer power

Answers

Answer:

rivalry among existing competitors

Explanation:

The Porters' 5 forces is used to analyse the competitiveness among firms in an industry.

Porter's 5 forces include :

Competition in the industry : the higher the number of companies in the industry, the lower the power an individual firm possesses. For example, if an industry increases it price, a consumer can easily shift to the consumption of substitutes  Potential of new entrants into the industry : If there are low barriers to entry in an industry, firms in the industry experience greater competition   Power of suppliers : the higher the number of suppliers in the industry, the higher the bargaining power of firms in the industry and the greater the power they possess  Power of customers : the larger the number of customers, the greater the power firms possess Threat of substitute product : if there are little or no substitutes for the goods produced by companies, the greater the power the firms possess

Upon graduating from college this year, you expect to earn $50,000 per year. If you get your MBA, in one year you can expect to start at $70,000 per year. Over the year, inflation is expected to be 5 percent. In today's dollars, how much additional (less) money will you make from getting your MBA (to the nearest dollar) in your first year?

Answers

Answer:

$16,666

Explanation:

Calculation to determine how much additional (less) money will you make from getting your MBA (to the nearest dollar) in your first year

Additional money=($70,000/(1+.05)-$50,000

Additional money=($70,000/1.05)-$50,000

Additional money=$66,666-$50,000

Additional money=$16,666

Therefore how much additional (less) money will you make from getting your MBA (to the nearest dollar) in your first year is $16,666

A taxi crashed into a telephone pole. The taxi's passenger commenced a negligence action against the taxi driver, properly serving the taxi driver with the summons and complaint. The taxi driver, being an independent contractor with no right to indemnity from the taxi's owner, turned the summons and complaint over to his insurance company. After trial, the jury returned a verdict in favor of the passenger, finding that the taxi driver's negligence was the sole cause of the crash. The passenger then commenced a second action, this time against the owner of the taxi. The owner also had no right of indemnity from the taxi driver. The passenger alleged that the taxi driver's negligence was the sole cause of the crash and that the owner was vicariously liable. The passenger immediately moved for partial summary judgment against the owner based on the finding of the taxi driver's negligence in the prior action. If the court denies the motion, what is the most likely reason

Answers

Answer:

If the court denies the motion, the most likely reason is that vicarious liability cannot be established against the taxi owner because the driver is an independent contractor.

Explanation:

While an employer is vicariously liable for the negligent acts of its employees when carried out "in the course of employment," the taxi driver is an independent contractor, and his acts cannot be made good by the taxi owner.  Secondly, since a verdict had already been entered in his favor against the taxi driver, the passenger's claim for damages will be adequately met by the first judgment.

Immediately after taking office, President Roosevelt responded to the banking crisis by a restoring the gold standard to guarantee the soundness of American currency. b providing major federal loans to the largest and soundest banks. c nationalizing the ten largest banks in the United States. d establishing a new Bank of the United States to guarantee deposits. e closing all American banks for a week, while reorganizing them on a sounder basis

Answers

E:Managing the currency by closing down banks for a period of time

During her annual review, Susan admitted to her supervisor that she is more productive in a quieter environment. The openness of her office setting and the recent increase in staff that came to her for training made it difficult for her to process as many insurance claims in one day as she had accomplished in the past. The supervisor agreed to move Susan's desk to the back of the office, and create a barrier with plants. The supervisor would take a more active role in training new employees, so they would not be coming to Susan with questions. In HR, we refer to this action as creating
A) accommodations.
B) barriers to entry.
C) job enlargement.
D) consideration.

Answers

Answer:

A

Explanation:

Accommodation includes all adjustments made to the work environment, work schedule or work environment of an employee to make the job more convenient for the employee with the aim of increasing the employee's efficiency

Susan's work environment was unconducive for her, so some accommodations were made.

Help me guys please! I have to submit it today :((

Answers

Answer:

oh no!

Explanation:

SOWWYYYY!!!

what are the possible issues of market demand and supply risks that encourage the supply chain partners to carry inventory?

Answers

Answer:

The main issue involved is the increase in price

Explanation:

In simple words, the main issue involved relating to carrying the inventory is that the price of the inventory or some core raw material might increase which will disrupt the profitability in a brief term.

This issue is very crucial for firms involved in industries which are competitive in nature and the increase in price cannot be directed towards the customers easily.

Acme, Inc., which manufactures the fireworks that municipal governments buy to put on their annual fireworks shows on the Fourth of July, moved most of its manufacturing operations from the United States to China a decade ago. Now, Spark is moving production back to the United States because the company's managers are uncomfortable with many Chinese business practices. Acme, Inc. engages in ________ when it moves its operations back to the United States. Group of answer choices offshoring reshoring outsourcing globalizing countertrading

Answers

Answer:

I believe this answer would be reshoring.

Explanation:

I'm sorry in advance if this is wrong, if it is let me know and I will correct it.

This noncancelable lease had the following terms: Lease payments: $3,402,858 semiannually; first payment at January 1, 2021; remaining payments at June 30 and December 31 each year through June 30, 2025. Lease term: 5 years (10 semiannual payments). No residual value; no purchase option. Economic life of equipment: 5 years. Implicit interest rate and lessee's incremental borrowing rate: 10% semiannually. Fair value of the computers at January 1, 2021: $23 million. What is the interest revenue that Technoid would report for this lease in its 2021 income statement

Answers

Answer:

$1,838,564

Explanation:

Calculation to determine the interest revenue that Technoid would report for this lease in its 2021 income statement

First step is to determine the interest for the first six months:l

Interest for the first six months=($23,000,000-$3,402,858)*5%

Interest for the first six months=$979,857

Second step is to Interest for the Second six months

Interest for the Second six months=($23,000,000 - $3,402,858 - [$3,402,858 - $979,857) × 5%

Interest for the Second six months=($19,597,142-2,423,001)*5%

Interest for the Second six months=$17,174,141*5%

Interest for the Second six months=$858,707

Now let determine the interest revenue

Interest revenue =$979,857+$858,707

Interest revenue =$1,838,564

Therefore the interest revenue that Technoid would report for this lease in its 2021 income statement is $1,838,564

The McFadden Act of 1927 Select one: a. required that banks maintain bank capital equal to at least 6 percent of their assets. b. effectively prohibited banks from branching across state lines. c. separated the commercial banks and investment banks. d. effectively required that banks maintain a correspondent relationship with large money center banks.

Answers

Answer:

B) effectively prohibited banks from branching across state lines.

Explanation:

The McFadden Act of 1927 can be regarded as a piece of federal legislation which grant authority to

individual states to govern bank branches that is been located within the state. This also encompass branches of national banks that is been located within state lines.This acts gives room for national bank to operate branches as it is been permitted by state governments.

It should be noted The McFadden Act of 1927 effectively prohibited banks from branching across state lines.

17. The matching principle requires that a) assets will be matched to the liabilities incurred to purchase them b) non-operating gains and losses should be netted against each other c) a proportion of each dollar collected will be assumed to be a recovery of cost d) revenues earned and expenses incurred in generating those revenues should be reported in the same income statement e) none of the above

Answers

Answer:

D

Explanation:

The matching principle requires that  revenues earned and expenses incurred in generating those revenues should be reported in the same income statement

the purpose of this is to avoid misstating earnings

A state licensing fee on sales of medical devices causes the supply curve for one type of device to shift from S1 (without the fee) to S2 (with the fee). The fee is based on number of units sold and therefore works like a per-item tax paid by sellers. Use the area tool to draw the area representing the state's monthly revenue from the licensing fee for this one type of device.

Answers

Answer: hello your question is incomplete attached below is the complete question

answer ; Government revenue from tax = $750,000 per month

Explanation:

Attached below is the required graph

Government revenue from tax ( per month )

= ( 450 - 30 ) ( 50 - 0 )

= $750,000 per month

A U.S. corporation builds an amusement park in France. Its expenditures are U.S. a. foreign portfolio investment that increase U.S. net capital outflow. b. foreign portfolio investment that decrease U.S. net capital outflow. c. foreign direct investment that increase U.S. net capital outflow. d. foreign direct investment that decrease U.S. net capital outflow.

Answers

Answer:

C)Foreign direct investment that increase US net capital outflow

Explanation:

From the question we are informed about A U.S. corporation who builts an amusement park in France. In this case, Its expenditures are U.S. Foreign direct investment that increase US net capital outflow. An expenditure can be regarded as payment used in purchasing goods or services either with cash or credit. It is regarded as money been spent on something. A foreign direct investment (FDI) can be regarded as an investment which is been set up by a firm or individual in ones country having business interests which is been located in another country. foreign direct investment do occur when foreign business operations is been set up by an investor or the investor is a able to acquire business assets in particular

foreign company.

The International Finance Corporation (IFC) performs which of the following functions? a. Provide loans and take equity position in private companies of developing countries and works toward developing capital markets in those economies b. Supports reconstruction and restructuring of member countries utilizing funds raised in international capital markets c. Provides long-term low-interest social sector and infrastructure loans to the poorest members utilizing foreign aid funds provided by rich nation members d. Works on issues related to foreign investment disputes e. Provides political risk coverage for private investments made in developing countries

Answers

Answer:

a). Provide loans and take an equity position in private companies of developing countries and works toward developing capital markets in those economies.

Explanation:

The key functions of IFC(International Finance Corporation) include 'offering loans and getting a hold on the equity stand in the private sector companies established in developing countries in order to build capital in such economies.' It also assists these countries in attaining sustainable growth and development by providing these financial fundings, deploying capital effectively, and proffering counseling services to these nations and the private businesses running across the country. Thus, option a is the correct answer.

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Shin Corporation had a projected benefit obligation of $3,100,000 and plan assets of $3,300,000 at January 1, 2020. Shin also had a net actuarial loss of $465,000 in accumulated OCI at January 1, 2020. The average remaining service period of Shin's employees is 7.5 years. Compute Shin's minimum amortization of the actuarial loss. A warehouse has a height of 8\frac{1}{2}8 2 1 meters, length of 120120 meters, and width of 20\frac{3}{10}20 10 3 meters. What is the volume of the warehouse? What is another name for the line GI in the image below? solve the following equation algebraically please Why do you think we have such a high obesity rate in america? Write a short paragraph explaining which selection you preferred reading this week, Androcles and the Lion or Brushfire!, based on the story plot. You should include references to at least two parts of the drama (beginning, middle, and end). CalculatorWhat is MPut your answer in the box Ketone bodies are produced when a person what Before World War II, the Catholic Church and Nazi Germany signed an agreement that A. allowed Catholics to worship as long as the Church recognized the Nazi regime. B. denounced communism and the rule of Stalin in the Soviet Union. C. eventually failed , in which Nazi Germany agreed to follow peaceful diplomatic tactics. D. exempted Catholics from service in the German military forces. Escriba en el recuadro el valor que debe tener la incgnita para que se cumple la igualdad 4x^2-400=0square roots and solving quadratics At which of the four labeled points on the titration curve below do you expect to find the highest concentration of hydroxideions?ABCD Directions: Read the following advertisement. Think about the persuasive devices used in the advertisement, and then answer the followingquestionsAttention television watchers! Are you in for a treat? Yes you are! Our new product, the Superforce 80, is now available at your local electronicsoutlet. It will give you everything you need in entertainment quality. Now, your family can spend many happy evenings, curled up together,enjoying quality time. There is a limited supply, so get yours now! Everyone is asking about the Superforce 80, so don't be left behind in the20th century! Get yours now!Which of the following images do you feel would be most persuasive to the audience when paired with the advertisement text?A family watching TV together on the couch, smiling and laughingB A middle-aged man watching TV aloneC Children playing outdoors Value-Mart had 2,371 customers last week. Each customer donated $2 to the food bank. How much money did Value-Mart raise for the food bank? * ahhh help its PLATO'la PLEASE please help me! this is due tonight. thank youexplaining your answer = brainliest/ five starsthe perimeter of this square is 48 cm. c = ___ cm is Peter's birthday? In April, I think. Wrestlers proved entertainment. Fighters provided entertainment. The entertainment was exciting. It was for cheering crowds b One of these numbers is the area of the outside curved surface of the cylinder, in cm', using= 3. Which one?A 15 B 30 C 1000 D 1500 E 3000 p borrowed Rs. 16000 from a person at 12 % per Annum simple interest and lent the whole amount to Q at the same rate of annually compound interest, how much did he gain after 3 years ? Find it.