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Financial Maths, STD2 EQ-Bank 34

Yuki works as a musician and receives royalties from streaming services. A spreadsheet is used to calculate her quarterly royalty earnings.

Total royalty earnings = Number of streams \(\times\) Royalty rate per stream

A spreadsheet showing Yuki's quarterly royalty earnings is shown.

  

 

In the following quarter, Yuki's total royalty earnings were $4200. The royalty rate per stream remained at $0.004. Calculate the number of streams Yuki received that quarter.   (2 marks)

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\(1\,050\,000\)

Show Worked Solution

\(\text{Total royalty earnings (B8)} = $4200\)

\(\text{Royalty rate per stream (B5)}=$0.004\)

\(\text{Let the number of streams (B4)}=N\)

\(\text{Total royalty earnings} = \text{Number of streams} \times\text{Royalty rate per stream}\)

\(\text{B8}\) \(=\text{B4}^*\text{B5}\)
\(4200\) \(=N\times 0.004\)
\(N\) \(=\dfrac{4200}{0.004}\)
  \(=1\,050\,000\)

\(\text{Yuki had 1 050 000 streams in the next quarter}\)

Filed Under: Ways of Earning, Ways of Earning Tagged With: Band 5, smc-6276-30-Piecework/Royalties, smc-6276-60-Spreadsheets, smc-6515-30-Piecework/Royalties, smc-6515-60-Spreadsheets, syllabus-2027

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