The formula to calculate the Total Flat Rate (TFR) is:
\[ \text{TFR} = R \times T \]
Where:
Total Flat Rate refers to the total amount of money earned or charged based on a fixed hourly rate and the total number of hours worked. It is commonly used in various professions and industries to calculate earnings or costs. The Total Flat Rate is typically measured in dollars or other currency units.
Let's assume the following values:
Using the formula to calculate the Total Flat Rate:
\[ \text{TFR} = 50 \times 8 = 400 \text{ dollars} \]
The Total Flat Rate is $400.00.