I'm pretty sure the attachment down there can answer ur question! :D
Answer: A = 4400(1 + 0.0825 x 22)
Step-by-step explanation:
A = accumulated amount
P = original amount unloaded- $4400
r = rate - 8.25% = 0.0825
t = years = 22
= 4400(1 + 0.0825 x 22)
Let the number of reserved tickets = x
Let the number of lawn seats = y
Constraint functions:
Maximum capacity means ![x+y\leq 20000](https://tex.z-dn.net/?f=x%2By%5Cleq%2020000)
For concert to be held ![x+y\geq 5000](https://tex.z-dn.net/?f=x%2By%5Cgeq%205000)
means ![y\leq x](https://tex.z-dn.net/?f=y%5Cleq%20x)
Objective functions :
Maximum profit equation p = 65x +40y
Intersection points :
(10000,10000) (20000,0)(2500,2500)(5000,0)
p at (10000,10000) = 65(10000) + 40(10000) = $1050000
p at (20000,0) = 65(20000) + 40(0) = $1300000
p at (2500,2500) = 65(2500) + 40(2500) = $262500
p at (5000,0) = 65(5000) + 40(0) = $325000
Hence maximum profit occurs when all 20000 reserved seats are sold and the profit is $1300000
Please find attached the graph of it.
Infinite, because essentially the graph is going to have a horizontal line because f(x)=58/y=58 just means that the y will remain on 58 but the x can have whatever value.