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Answer:
(24, 224 ) i.e. 24 basketball and 224 footballs
Step-by-step explanation:
<em>Basketball :</em>
uses 4 ounces of foam
20 minutes of labor
profit = $2.50
<em>Football :</em>
uses 3 ounces of foam
30 minutes of labor
profit = $2
Manufacturer has :
768 ounces of foam , 120 labor hours per week,
<u>using the simplex method to determine the optimal production schedule so as to maximize profits </u>
lets assume
x = number of basketball
y = number of footballs
maximize = 2.5 x + 2y from a linear programming problem
attached below is the detailed solution
Answer:
Interest earned = $32.835
Step-by-step explanation:
Given the following data;
Principal = $275
Number of times = 0.5
Interest rate = 2.9% = 0.029
Time = 4 years
To find the interest earned, we would use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Substituting into the equation, we have;
A = $307.835
Interest earned = 307.835 - 275
Interest earned = $32.835