The formula to calculate the cost of daycare is:
\[ CDC = DD \times DR \]
Where:
The cost of daycare refers to the total amount of money required to pay for daycare services over a specified period. It is calculated by multiplying the number of days of care needed by the daily rate charged by the daycare provider. This metric is useful for budgeting and financial planning for families.
Example 1:
Using the formula:
\[ CDC = 20 \times 50 = 1000 \text{ \$} \]
Example 2:
Using the formula:
\[ CDC = 15 \times 40 = 600 \text{ \$} \]
