The amount gotten after $1689 invested for 4 years at 3% compounded annually is $1901
The amount of money gained after an investment is compounded is given by:
Where P is principal, A is the final amount, r is the rate, n is the number of times compounded per period and t is the time
Given that P = $1689, t = 4, r = 3% = 0.03, n = 1, hence:
The amount gotten after $1689 invested for 4 years at 3% compounded annually is $1901
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Answer:
The question is not complete, nut here is the complete question ; A company produces alarm clocks. During the regular workweek, the labor cost for producing one clock is $4.00. However, if a clock is produced on overtime, the labor cost is $5.00. Management has decided to spend no more than a total of $51,000 per week for labor. The company must produce 12,000 clocks this week. What is the minimum number of clocks that must be produced during the regular workweek?
Step-by-step explanation:
Tthe detailed analysis and step by step calculation is as shown in the attached file.
