The maroon team and the orange team played a game of football. The maroon team scored 40 points and the orange team scored 12 po
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Answer:
"To the nearest year, it would be about 9 years"
Step-by-step explanation:
11c)
This is compound growth problem. It goes by the formula:
Where
F is the future amount
P is the present (initial) amount
r is the rate of growth, in decimal
t is the time in years
Given,
P = 20,000
r = 8% = 8/100 = 0.08
F = double of initial amount = 2 * 20,000 = 40,000
We need to find t:
To solve exponentials, we can take Natural Log (Ln) of both sides:
Using the rule shown below we can simplify and solve:
We can write:
To the nearest year, that would be about 9 years
The maximum profit is the y-coordinate of the vertex of the parabola represented by the equation.
The maximum value is 6400, but the profit is given in hundreds of dollars, so multiply the value by 100.
The maximum profit the company can make is $640,000.
The maximum value is 6400, but the profit is given in hundreds of dollars, so multiply the value by 100.
The maximum profit the company can make is $640,000.