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Peter owns a candy store. His starting balance last month was $15,300.

His ending balance was $12,500. What is Peter Burn Rate?

Answer :

SAMUELONUM1GO

The Time interval is one month, hence the burn rate is the difference between the starting and the ending balance is $2,800

Monthly Burn Rate Computation

Given Data

  • Starting Balance =  $15,300
  • Ending Balance =  $12,500
  • Time Interval = 1 months

Difference between Starting and Ending Balance

= 15,300- 12,500

= 2,800

We have found the difference between the Starting Balance and the ending Balance as $2,800

Learn more about burn rate here:

https://brainly.com/question/14703319

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