The average monthly maintenance charge for 60 software licenses is $8,000. Following a rate revision, the updated average charge per license increases to $(8,000 + Y). If the total amount collected across all licenses after the revision is $576,000, calculate the value of 3Y.
Correct Answer :
4,800
Solution :
The correct answer is 4,800.
Step-by-step explanation:
Step 1: Identify the given values
Total number of software licenses = 60
Updated average monthly maintenance charge per license = $(8,000 + Y)
Total amount collected across all licenses after revision = $576,000
Step 2: Formulate the equation
The total collection after revision is equal to the number of licenses multiplied by the updated average charge per license:
Step 3: Solve for Y
Divide both sides of the equation by 60 to find the updated average charge per license:
Subtract 8,000 from both sides to find the value of Y:
Step 4: Calculate the required value (3Y)
Multiply Y by 3:
Therefore, the value of 3Y is 4,800.
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