How Much Would Sophie Have in Her Account at the End

question 159

Multiple Choice

How much would Sophie have in her account at the end of 10 years if she deposit $2,000 into the account today if she earned 8 percent interest and interest is compounded continuously?

• A) $4,317
• B) $4,444
• C) $4,451
• D) $4,521

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Definitions:

Variable Cost Method

A pricing strategy in which the price is based on the variable costs of producing a good or service, not including fixed costs.

Cost-Plus Approach

A pricing strategy where a fixed percentage or fixed amount is added to the cost of producing a product to determine its sale price.

Total Cost Method

An accounting approach that sums up all costs associated with the production and sale of goods or services to determine total expense.

Cost-Plus Approach

A pricing strategy where a fixed percentage is added to the total cost of producing a product or service to determine its selling price.