Answer:
Penny would need to put in ~ $18,181.82
Step-by-step explanation:
Using the equation
Where A = the total
P is equal to the starting amount
r is equal to the rate (percent)
and t is equal to the total time.
We can put in:
A = $40,000
r = 0.08 (8%)
t = 15
Round to the nearest whole cent
P = $18,181.82
Answer:
$425
Step-by-step explanation:
Let x represent the number of bracelets made and let y represent the number of necklace made.
Since the craftsman has 1000 beads to work with, hence:
10x + 20y ≤ 1000 (1)
Also, the craftsman has 1600 minutes, hence:
10x + 40y ≤ 1600 (2)
From ploting equations 1 and 2 on the geogebra online graphing, we can see that the solution to the problem is (40, 30).
Since the bracelet costs $5 and a necklace costs $7.50, hence the maximum revenue is:
Revenue = 5x + 7.5y = 5(40) + 7.5(30) = $425
