For this case we have:
Cost of manufactures of T-shirts
where x represents the number of T-shirts
Part A:
Substituting in the total cost equation you have to:
Thus, the cost of 8 shirts will be
Part B:
If then
Thus, the cost of 12 shirts will be
Answer:
Answer:
$2,226.96
Step-by-step explanation:
You are going to want to use the compound interest formula, which is shown below.
<em>P = initial balance </em>
<em>r = interest rate </em>
<em>n = number of times compounded annually </em>
<em>t = time </em>
<em />
First, change 10% into its decimal form:
10% -> -> 0.1
Now lets plug in the values into the equation:
The final amount after 15 years is $2,226.96