Assuming that 1.5% annual interest is converted to monthly basis with the same amount, then the monthly interest should be: 1.5%/12= 0.125%.
If you put $1000 for annual interest, the saving account would become: $1000*(100%+1.5%)= $1015
If you put $1000 for monthly interest, the saving account would become: ($1000*(100%+0.125%)= $1000*1.0151035559= $1015.10
Then, the money difference should be: $1015.10-$1015= $0.10
Three colors * 8 possible sizes = 24 different shoes
The probability that the shoe is going to be a size 9 black shoe is 1/24.
I hope this helps you
answer is D
Answer:
- 8 small houses; 0 large houses
- 80 small houses; 0 large houses
Step-by-step explanation:
a) The maximum number of houses Sam can build in 24 hours is 8, so the constraint is in construction, not decoration. For each small house Sam constructs, he makes $10/3 = $3.33 per hour of work. For each large house Sam constructs, he makes $15/5 = $3.00 per hour. The most money is to be made by building only small houses.
Sam should make 8 small houses and 0 large houses in 24 hours.
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b) If Sam works 8-hour days, then he can complete at most 80 small houses. The constraint remains in construction, so the answer is the same: build only small houses.
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If Sam works more than 16 2/3 hours per day, he can build 100 large houses or more, so the constraint moves to decoration. The decorator makes more money by decorating large houses, so all the effort should go to construction of large houses.
If Sam works between 10 and 16 2/3 hours per day, the best revenue will come from some mix. The problem statement is unclear as to how many hours Sam works in 30 days.
