Answer:
- <em><u>The reduction is 8.6%</u></em>
Explanation:
Call F the full monthly pension of a person retiring at 62.
If a person continues to work the pension grows at a rate of 6% per year, compounded monthly, so use the compounded growing formula:
Where r = 6 / 100 = 0.06, and t = number of years after retirement.
<u>For retirement at 65.5</u>:
<u>For retirement at 67</u>:
<u>Percent reduction of people who retire at 65.5 compared to what they would receive at 67</u>:
It would be 23/100.
C. Is the answer
Answer:
3ac + bc
Step-by-step explanation:
c(3a + b)
Distribute (multiply) the c to the numbers in the parentheses.
c * 3a = 3ac c * b = bc
3ac + bc
3(5)-15+10(7)-2(5)
15-15+70-10
=60
The answer is 60
Answer:
When the ticket price is $3 or $4 the production will be in break even
Step-by-step explanation:
<u><em>The correct question is</em></u>
The revenue function for a production by a theatre group is R(t) = -50t^2 + 300t where t is the ticket price in dollars. The cost function for the production is C(t) = 600-50t. Determine the ticket price that will allow the production to break even
we know that
Break even is when the profit is equal to zero
That means
The cost is equal to the revenue
we have
Equate the cost and the revenue
solve for t
Solve the quadratic equation by graphing
using a graphing tool
the solution is t=3 and t=4
see the attached figure
therefore
When the ticket price is $3 or $4 the production will be in break even
