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Sliva [168]
2 years ago
7

A monthly water bill (in dollars) is a linear function of the amount of water the hose uses (in hundreds of cubic feet, HCF) the

function uses the slope of 1.45
If the monthly cost for 17 HCF is $44.39, what is the monthly cost for 11 HCF ?
Business
1 answer:
Lostsunrise [7]2 years ago
4 0

Answer:

The monthly cost for 11 HCF would be $ 35.69.

Explanation:

Consider the linear function that represents the amount of water ( in dollars ) for x HCF of used water,

y = mx + c

Where, m is the slope of the function,

We have, m = 1.45,

So, the function would be,

y = 1.45x + c

If y = $ 44.39 and x = 17,

This implies,

            44.39 = 1.45(17) + c

            44.39 = 24.65 + c

44.39 - 24.65 = c

             19.74 = c

Thus, the required equation that shows the amount of water for x HCF of water is,

y = 1.45x + 19.74

For x = 11 HCF,

The amount of water for 11 HCF of water,

y = 1.45(11) + 19.74

y = 15.95 + 19.74

y = 35.69

Hence, the monthly cost for 11 HCF would be $ 35.69.

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3 years ago
In the United States, the money supply is determined: A) only by the Fed. B) only by the behavior of individuals who hold money
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Answer: Joint by the FED and by the behavior of individuals who hold money and of banks which money is held.

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8 0
3 years ago
The Allied Corporation analyzes a project that requires an immediate investment of $440. Allied estimates that at the end of the
olga_2 [115]

Answer:

NPV = $100.4002 rounded off to $100.40

Explanation:

The NPV or net present value is the present value of a project or business's cash flows which are calculated by deducting the cash outflows from the cash inflows. NPV is a tool or criteria used for investment and project appraisal. The NPV can be calculated as follows,

NPV = CF1 / (1+r)  +  CF2 / (1+r)^2  +  ....  +  CFn / (1+r)^n   -   Initial Outlay

Where,

  • CF1, CF2, ... represents the cash flows in Year 1, Year 2 and so on.
  • r represents the discount rate

NPV = 660 / (1+0.075)  +  [ -85 / (1+0.075)^2]  -  440

NPV = $100.4002 rounded off to $100.40

8 0
2 years ago
Can someone help me figure this out?
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Answer:

I can help call me 8470589364

4 0
3 years ago
You invested in a 3-month certificate of deposit at your bank. Your investment was $1,902, and at the end of the term you will r
Art [367]

Answer and Explanation:

The computation is shown below:

a. Holding period return would be

= Income + (End of Period Value - Initial Value) ÷ Initial Value

= 0 +($2,178 - $1,902) ÷ $1,902

= 0 + $276 ÷ $1,902

= 14.51%

b. The annual percentage rate is

For 3 months, the rate is 14.51%

Now

For 12 months, it is

= 14.51% ÷ 3 ×  12

= 14.51 % × 4

= 58.04%

c. The effective annual rate is

= ( 1 + r ÷ m)^m - 1

= (1 + 58.04% ÷ 4)^4 - 1

= (1 + 0.5804 ÷ 4)^4 - 1

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= (1.1451)^4 - 1

= 1.719387079 - 1

= 0.719387079 or 71.94%

8 0
2 years ago
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