Question 2)

a) A manufacturer of video-game cartridges sells each cartridge for RM19.95. The manufacturing costs of each cartridge is RM14.95. Monthly fixed costs are RM8000. During the first month of sales of a new game, how many cartridges must be sold in order for the manufacturer to break-even?

'b) If $1000 is invested at an annual rate of interest of 10%, what is the amount after 5 years if the compounding takes place

(1) Semi-Anhually?

(2) Daily?

3) How much interest is earned in each case