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Answer:
$892.50
Step-by-step explanation:
The amount of interest earned is given by ...
I = Prt
Filling in the given values, we have ...
$178.50 = P·0.04·5
Dividing by 0.20 gives ...
$178.50/0.20 = P = $892.50
The principal amount in Kelly's account is $892.50.
Answer:
- g = -1110p +4300.9
- 804 gallons
Step-by-step explanation:
a) Price is the independent variable, so the data we are given can be written as ...
(price, gallons) = (2.99, 982) and (2.79, 1204)
Using the 2-point form of the equation for a line, we have ...
g = (g2 -g1)/(p2 -p1)(p -p1) +g1
g = (1204 -982)/(2.79 -2.99)(p -2.99) +982
g = -1110(p -2.99) +982 = -1110p +4300.9
g = -1110p +4300.9
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b) When p = 3.15, the predicted sales volume is ...
g = -1110(3.15) +4300.9 = 804.4
Weekly sales are predicted to be 804 gallons at a price of $3.15.
