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kupik [55]
3 years ago
10

Mrs. Higgins's was hoping to make some extra cash, so she invested 12000 in equipment to print yearbooks, each year book cost he

r $5 to print and she sells them for $15. how many yearbooks must she sell before she breaks even?​

Mathematics
1 answer:
Charra [1.4K]3 years ago
8 0

Answer: im pretty sure it’s the first one

Step-by-step explanation: )

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Answer:

Part A)

P=\$8,500\\ r=0.052\\n=4  

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Step-by-step explanation:

we know that    

The compound interest formula is equal to  

S(t)=P(1+\frac{r}{n})^{nt}  

where  

S is the Future Value  

P is the Present Value  

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n is the number of times interest is compounded per year

Part A)

in this problem we have  

P=\$8,500\\ r=5.2\%=5.2/100=0.052\\n=4  

Part B) How much money will Marcus have in the account in 7 years?

we have

t=7\ years\\ P=\$8,500\\ r=0.052\\n=4  

substitute in the formula above  

S(7)=8,500(1+\frac{0.052}{4})^{4*7}  

S(7)=8,500(1.013)^{28}  

S(7)=\$12,203.47  

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Step-by-step explanation:

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