I think the answer to this is 4 I think
Answer:
The function that can be used in the online shopping club about its monthly revenue is:

Step-by-step explanation:
First, we're gonna take into account the different values we have in the exercise:
- 10,000 members
- $7 per month for membership
- Loses of 400 members by each $1 monthly increase
How the variable
represents the price increase, we can do the formula below:
In this formula, we represent in the first part that by each 1 in the variable
, the total of members will be reduced in 400, in the second part, we mention that at the same time, the membership fee will be increased in the same value of
. Now we must simplify this function:
We operate the values:
Solve we can:
And organize:
At the end, how
represents the monthly revenue received by the club, we use that variable for our formula:
Answer:
i think its a
Step-by-step explanation:
Answer:
17 years
Step-by-step explanation:
The compound interest formula is ...
A = P(1 +r/n)^(nt)
where P is the principal invested at annual rate r, compounded n times per year for t years.
Filling in the numbers and solving for t, we find ...
16826.03 = 8534(1 +.04/12)^(12t)
16826.03/8534 = 1.0033333...^(12t)
Taking logs, we have ...
log(16826.03/8534) = 12t·log(1.0333333...)
Dividing by the coefficient of t gives ...
log(16826.03/8534)/(12·log(301/300)) = t ≈ 17.000
It will take 17 years for the account balance to reach $16,826.03.