Concave up is U-shaped.
There will be a inflection/critical point f'(x) =0 then a negative slope f'(x) = neg then another inflection/critical point f'(x) =0 at the bottom of the U-shape then a positive slope to last inflection/critical point. The interval for the Concave Up shape is the first and last inflection points.
Continuous compounding is the mathematical limit that compound interest can reach.
It is the limit of the function A(1 + 1/n) ^ n as n approaches infinity. IN theory interest is added to the initial amount A every infinitesimally small instant.
The limit of (1 + 1/n)^n is the number e ( = 2.718281828 to 9 dec places).
Say we invest $1000 at daily compounding at yearly interest of 2 %. After 1 year the $1000 will increase to:-
1000 ( 1 + 0.02/365)^365 = $1020.20
with continuous compounding this will be
1000 * e^1 = $2718.28
Where is the diagram?
Can't be solved without it.
I believe 30 is the answer :)
The x-axis is the amount of juice because it is the independent equation, while the y-axis is the height. The range of the x-axis starts from 0 to the maximum 20 oz. The graph is shown in the attached picture. As shown, the graph is continuous.
