If 2,000 charts are stored per year, each chart requires 0.4 inch of space, and storage costs $0.75 per inch, what is the annual storage cost?

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Multiple Choice

If 2,000 charts are stored per year, each chart requires 0.4 inch of space, and storage costs $0.75 per inch, what is the annual storage cost?

Explanation:
This question tests converting quantity and unit cost into a total cost using straightforward multiplication. First find the total inches stored in a year: 2,000 charts × 0.4 inch per chart = 800 inches. Then multiply by the cost per inch: 800 inches × $0.75 = $600. So the annual storage cost is $600.

This question tests converting quantity and unit cost into a total cost using straightforward multiplication. First find the total inches stored in a year: 2,000 charts × 0.4 inch per chart = 800 inches. Then multiply by the cost per inch: 800 inches × $0.75 = $600. So the annual storage cost is $600.

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