Answer:
(a) $ 30000 + 1500 t
(b) $ 52500
Step-by-step explanation:
Initial profit = # 30,000
Profit increases every year by 5 %.
(a) Let the profit after t year is
P = $ 30,000 + 5% of 30,000 t = $ 30000 + $ 1500 t
(b) t = 15 years
P = $ 30000 + $ 1500 x 15 = $ 52500
12. Answer: 2130
<u>Step-by-step explanation:</u>
T = -0.01y + 10.6
9.2 = -0.01y + 10.6
<u>-10.6</u> <u> -10.6 </u>
-1.4 = -0.01y
<u> ÷-0.01</u> <u>÷-0.01 </u>
140 = y
"y" represents the number of years after 1990
1990 + 140
= 2130
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13. Answer: -0.0036° per foot
<u>Step-by-step explanation:</u>
Since the relationship is linear, then we can set up the values as x, y coordinates and use the slope formula to find the rate of degrees over feet.
(6562, 63) and (16405, 28)
rate = 
= 
= 
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14. Answer: $0.28 per kWh
<u>Step-by-step explanation:</u>
Same reason as #13
(200, 55) and (500, 140)
rate = 
= 
= 
Answer:
$1,131.20 is the amount earned
Step-by-step explanation:
<u>Key skills needed: Simple Interest Formula, Operations ( +, - , x , / )</u>
1) To understand this problem, you need to know the simple interest formula.
A = P(1+rt)
A is the amount
P is the principal
R is the interest rate as a decimal
T is the time in years
2) The 1st thing we need to do is convert the interest rate into a decimal. We have 14%. To convert into decimal form, we divide it by a 100, or move the decimal 2 places to the left. This is 0.14 --> So r=0.14
3) Next we use the formula:
A = 1,010(1+ 0.14(8))
- We first do 0.14(8) which is 1.12 and then add it to the 1 value, so you will get --> A = 1,010(2.12)
- Multiply and you will get A = $2,141.20
- To find the interest earned, you subtract this by the original amount, so $2,141.20 - $1,010 which would be $1,131.20
This means $1,131.20 is your answer.
<em>Hope you understood and have a nice day!! :D</em>
