Understanding royalties

Imagine you are the instructor of course creation at DataCamp. It hard launched three months ago (which incredibly coincided with the beginning of the quarter). At that time, you received $2,500 USD in prepaid royalties.

$$\text{Royalties}= \text{Royalty Rate} \times \text{Scaling Factor} \times \text{Number of Completions}$$

Variable	Value
`course_starts`(n)	1000
`course_completions`(n)	915
`average_royalty_rate`($)	6
`scaling_factor`	1
`prepayment` ($)	2500

Use the console and the assumption variables listed above, which have been initialized for you to answer the following question:

How much would you earn at the end of the quarter since your course went live?

Possible Answers

$5,490
$3,500
$2,990
No payment

Exercise

Understanding royalties

Instructions

Possible Answers