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Harlamova29_29 [7]
3 years ago
12

You deposit $2,000 at the end of each year into an account earning 2% interest compound annually. How much will you have in the

account in 15 years?
Mathematics
1 answer:
omeli [17]3 years ago
8 0

Answer:

Simple interest = $600

Step-by-step explanation:

In this word problem, we will need to find the simple interest.

Formula:

I = prt or I = p x r x t

Simple interest: final answer

I = (2,000)(.02)(15) multiply.

I = 600

Simple interest: $600

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Answer:

The correct answer is b. 116,900

The publishing company must sell 116,900 copies of the book to break even.

Step-by-step explanation:

Each book costs 0.55 to make and the company can sell it at 6.75, which means that the company earns 6.20 from each book, this is called the net value. If you divide the amount htat the company paid for the rights by the net value you can find the total number of copies that the company has to sell to break even.  

# books = $725,000/$6.20 = 116935 or approximately 116900 copies of the book.

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Answer:

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