Answer:
$4
Step-by-step explanation:
The equation for direct proportionality =
y = bx
where y = dependent variable
b = constant
x = independent variable
There is positive proportionality is two variables are positively related to each other.
In this question, price of lunches is the dependent variable while number of lunches is the independent variable
$16 = b4
Divide both sides by 4 to find b
b = $4
This equation simplified is:
For this, we have to calculate how much money has to be invested at 2.3% interest compounded continuously to achieve $41,000 after 17 years
Formula: A= P * ( 1+r)^t
A= $41,000
r=0.023
t= 17
<span>41,000= P * (1+0.023)^17
</span>41,000= P * (1.023)^17
41,000= P * 1.4719
P= 41,000 : 1.4719
P= $27,731.59
Therefore, the answer is C. $27,731.59
I checked by doing the opposite, and I got $41,000.01, which is the closest to the question<span>
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