To help open up a wine bar, Jose borrowed money from a bank. He took out a personal, amortized loan for $49,000, at an interest
1 answer:
Using simple interest, it is found that the monthly payments are of $854.875.
<h3>Simple Interest</h3>Simple interest is used when there is a single compounding per time period.
The amount of money after t years in is modeled by:
In which:
- A(0) is the initial amount.
- r is the interest rate, as a decimal.
In this problem, the parameters are A(0) = 49000, r = 0.0665, t = 7, hence the total amount is of:
Payments over a period of 12 x 7 = 84 months, hence the monthly payments are of:
71809.5/84 = $854.875.
More can be learned about simple interest at brainly.com/question/25296782
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Answer:
A. see below for a graph
B. f(x, y) = f(0, 15) = 90 is the maximum point
Step-by-step explanation:
A. See below for a graph. The vertices are those defined by the second inequality, since it is completely enclosed by the first inequality: (0, 0), (0, 15), (10, 0)
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B. For f(x, y) = 4x +6y, we have ...
f(0, 0) = 0
f(0, 15) = 6·15 = 90 . . . . . the maximum point
f(10, 0) = 4·10 = 40
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<em>Comment on evaluating the objective function</em>
I find it convenient to draw the line f(x, y) = 0 on the graph and then visually choose the vertex point that will put that line as far as possible from the origin. Here, the objective function is less steep than the feasible region boundary, so vertices toward the top of the graph will maximize the objective function.
