Program X has an annual cost of $35,000, and, in return, is expected to save the Company C $40,000 during the first year. Assuming the cost and savings are equally distributed across each month, after how many months will the company recover its investments in Program X

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Coconut

Mathematics

2 February, 16:42

Program X has an annual cost of $35,000, and, in return, is expected to save the Company C $40,000 during the first year. Assuming the cost and savings are equally distributed across each month, after how many months will the company recover its investments in Program X

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Shane Schaefer · Answer 1

Cost of program x is $35000, annual savings for the company=$40000. The time taken for the company to recover its investment will be.

Cost/Saving*12

35000/40000*12

=10.5 months

The answer is 10.5 months