Please give me the answers for 1-16 show work, please
1 answer:
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It is convenient to let a spreadsheet or graphing calculator do the math for this. Functions can be defined for cost and profit, and evaluated at each of the volumes of interest.
a1) For 200 cars, the Outside location yields the greatest profit
a2) For 300 cars, the City location yields the greatest profit
b) The sites yield the same profit for a volume of 278 cars.
Answer:
2 %
Step-by-step explanation:
Money borrowed, Principal, P = $ 700
time of investment, T = 3 years
Total interest paid, Simple interest, S.I = $ 42
Let the rate of interest is R.
Use the formula for simple interest.
By substituting the values
4200 = 2100 R
R = 2 %
Thus, the rate of interest is 2%.