Answer:
≈ $9164.35
Step-by-step explanation:
The future amount A is calculated as
A = P 
P is the Principle
r is interest rate
n is number of times per year compounding happens
t is the number of years
Here P = 15000 , r = 16% = 0.16, n = 12 , t = 3
A = 15000 
= 15000 (
≈ 24164.35
Interest paid = $24164.35 - $15000 = $9164.35
Answer:
It should be B $250 - - - - -
The number of minutes it will take 5 machines to make 15 widgets is 90 minutes
Given that :
The time taken to make a widget is directly proportional to the number of widgets made and inversely proportional to the number of machines utilized.
Using the variation protocol defined :
Let :
n = number of widgets made
n = number of widgets made m = number of machines used
n = number of widgets made m = number of machines used t = time taken
Hence, from joint variation :
t α n α 1/m
t = kn/m
Where k = constant of proportionality :
Solving for k
When t = 10, n = 5, m = 15
10 = (k × 5) / 15
15 × 10 = 5k
150 = 5k
k = 150 / 5
k = 30
Equation becomes :
t = 30n/m
Solve for t ;
When m = 5 ; n = 15
t = (30 × 15) / 5
5t = 450
t = 450 / 5
t = 90
Hence, it will take 90 minutes.
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