Determine the amount of interest earned on a 5,000 investment after 6 1/2 years with a 3% interest rate

Estimated cost is 10 times more than the actual cost

Step-by-step explanation:

Packages of socks purchased = 50

Price per package = $10

Actual cost = total package purchased * price per package

Actual cost , a = 50 * $10 = $500

Estimated cost, e = $5000

Estimated costs / actual cost

$5000 / $500

= 10

Estimated cost is 10 times the actual cost