$3200 is borrowed at 4.8% interest compounded continuously. If no payments are made, how much will be owed in 2 years?
1 answer:
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<h3>hello!</h3>
We're given a point that the line intersects and its slope.
Let's use Point-slope:-
y1 = -5
m=-5
x1=-1
Convert to slope-intercept:-
Finally,
Hope everything is clear; if you need any clarification/explanation, kindly let me know, and I will comment and/or edit my answer :)
Answer:
0 ≤ x < 1.12 and 34.18 < x ≤ 39.87
Step-by-step explanation:
Let
x ----> is the number of tires produced, in thousands
C(x) ---> the production cost, in thousands of dollars
we have
This is a vertical parabola open downward (the leading coefficient is negative)
The vertex represent a maximum
The graph in the attached figure
we know that
Looking at the graph
For the interval [0,1.12) ----->
The value of C(x) ---->
That means ----> The production cost is under $75,000
For the interval (34.18,39.87] ----->
The value of C(x) ---->
That means ----> The production cost is under $75,000
Remember that the variable x (number of tires) cannot be a negative number
therefore
If the company wants to keep its production costs under $75,000 a reasonable domain for the constraint x is
0 ≤ x < 1.12 and 34.18 < x ≤ 39.87
