Hello kiddio lets figure this out!
The formula for simple interest is I = P*R*T where I = interest, P = Principal (original amount), R is the rate as a decimal, and T is time in years. So I = 1500*(.05)*6 = 1500*(0.30) = $450. The total amount you have after 6 years is the amount you started with ($1500) plus the interest ($450) which is $1950. The formula for yearly compounding is A = P(1 + r)t where A = Accumulated or final amount P = Principal ($1500) r = interest rate as a decimal (0.05)t = time (6 years) A = 1500*(1 + 0.05)6 = 1500*(1.05)6 = $2010.14
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In order to make the offer attractive such that it would earn £25,000 for Ian Vector, Paddington Games would have to sell 460 games.
The game can be sold for £25,000 or for £2,000 and then a fee of £50 for every game sold.
In order for the amount to be the same, the amount from games sold will have to equal the difference between the £25,000 and the £2,000.
Difference is:
= 25,000 - 2,000
= £23,000
The <u>number of games to be sold</u> is:
= Difference / Amount per game
= 23,000 / 50
= 460 games
In conclusion, 460 games need to be sold to make the offer attractive.
<em>Find out more at brainly.com/question/2865277.</em>
First, subtract k from both sides. That means c - k is in the left side and 3x is on the right. Then, divide by 3 on both sides. So, the answer is x = (c - k) / 3.
The equation of the profit function is 300x - 3600
Total cost function C(x) = 74x + 3600
Total revenue function R(x) = 374x
The profit function is the difference between the total revenue and the total cost and this will be:
= R(x) - C(x)
= 374x - (74x + 3600)
= 374x - 74x - 3600
= 300x - 3600
In conclusion, the equation of the profit function is 300x - 3600
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brainly.com/question/24495359
