Answer:
10+10
Step-by-step explanation:
Answer:
Step-by-step explanation:
First, note this parameters from the question.
We let x = number of $5 increases and number of 10 decreases in plates sold.
Our Revenue equation is:
R(x) = (300-10x)(10+5x)
We expand the above equation into a quadratic equation by multiplying each bracket:
R(x) = 3000 + 1500x - 3000x - 1500x^2
R(x) = -1500x^2 - 1500x + 3000 (collect like terms)
Next we simplify, by dividing through by -1500
= 1500x^2/1500 - 1500x/1500 + 3000/1500
= X^2 - x + 2
X^2 - x + 2 = 0
Next, we find the axis of symmetry using the formula x = -b/(2*a) where b = 1, a = 1
X = - (-1)/2*1
X = 1/2
Number of $5 increases = $5x1/2 = $2.5
=$2.5 + $20 = $22.5 ticket price gives max revenue.
Answer:
$157.17
Step-by-step explanation:
Interest is the amount of return that someone receive on the amount invested in a bank or in a business. The annual interest rate is defined on the invested amount. The amount invested is called the principal and.
By applying the interest rate on the principal amount, we can calculate the annual interest earning.
Principal = $3,100
Rate of simple interest = 3.38% per year
Now, define the total time period.
Time period = 18 months = 18 / 12 = 1.5 years
Now calculate the Total interest earning.
Interest Earned = $3,100 x 3.38% x 1.5 = $157.17
