Determine the Balance a ( to the Nearest Cent)for P=3,000

question 113

Multiple Choice

Determine the balance A ( to the nearest cent) for P=3,000 dollars invested at a rate r=10% for t=10 , compounded continuously. Round the answer to two decimal places.

• A)$8,154.85
• B)$10,950.00
• C)$8,153.73
• D)$8,887.56
• E)$6,030.15

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Definitions:

Cost Behavior

The way in which a cost changes in relation to changes in activity levels, categorized into fixed, variable, and mixed costs.

Margin Of Safety

A figure that indicates the possible decrease in sales that may occur before an operating loss results; may be expressed in terms of sales dollars, sales units, or percent of current sales.

Unit Selling Price

The price at which a single unit of a product or service is sold, not accounting for discounts or modifications.

Sales

The revenue generated from the sale of goods or services by a company during a particular period.