3 years ago

b. What would be the new account balance in five years at a 5.12% if the interest was compounded monthly?

Mathematics

1 answer:

Korolek [52]3 years ago

3 0

Answer: The account will earn in one year the amount of $10,512,000

Step-by-step explanation:

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A fashion designer makes and sells hats. The material for each hat cost $5.50. The Hats sell for $12.50 each. The designer spend

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The designer must sell 200 hats for breaking even.

Step-by-step explanation:

Given,

Cost for material for each hat = $5.50

Selling price of each hat = $12.50

Cost spend on advertising = $1400

Let,

x represents the number of hats.

Revenue = 12.50x

Costs = 5.50x+1400

For breaking even,

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Dividing both sides by 7

$\frac{7x}{7}=\frac{1400}{7}\\x=200$

The designer must sell 200 hats for breaking even.

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