Enter the hourly cost of arbitration ($/hr) and the total arbitration time (hrs) into the Arbitration Cost Calculator. The calculator will evaluate the Arbitration Cost.
Arbitration Cost Formula
The following two example problems outline the steps and information needed to calculate the Arbitration Cost.
AC = HC * T
Variables:
- AC is the Arbitration Cost ($)
- HC is the hourly cost of arbitration ($/hr)
- T is the total arbitration time (hrs)
How to Calculate Arbitration Cost?
The following steps outline how to calculate the Arbitration Cost.
- First, determine the hourly cost of arbitration ($/hr).
- Next, determine the total arbitration time (hrs).
- Next, gather the formula from above = AC = HC * T.
- Finally, calculate the Arbitration Cost.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
hourly cost of arbitration ($/hr) = 200
total arbitration time (hrs) = 30
AC = HC * T = ?
