Answer:
Step-by-step explanation:
Let P denotes principal amount, T denotes time period and R denotes rate of interest.
Amount =
Amir pits £3035 into a bank account. The account pays 4% compound interest each year.
Put
Amount =
Therefore, Amir will have in the account after 6 years.
To answer this question, we have the start-up costs of $ 52,000
A monthly inflation of $ 0 is assumed
Operating costs are $680
The daily gain is $960
For the Part A.
The inequality that this situation represents
So:
Where d represents the number of days.
For the Part B.
To start earning, you must replace all the initial investment and cover the expenses per day. The time that must pass for this to happen is obtained by clearing "d" from the inequality.
d> 185.71 days
Then, the sum of the net profits will be greater than the initial investment after 186 days of starting the business.
