Answer:
Principal = $500
Interest = $37.50
Rate = 0.025 = 2.5%
Time = 3 years
Step-by-step explanation:
The formula for simple interest is I = PRT ÷ 100
Casandra's equation = I= 500(0.025)(3)=$37.50
Principal = $500
Interest = $37.50
Rate = 0.025 = 2.5%
Time = 3 years
Answer:
yes i think so it looks quite accurate
A5 / a1 = r^4 = 324/4
So r^4 = 81
r = +/- 3
If r = 3 :-
S5 = 4 * (3^5-1) / (3-1) = 484
so r = 3 Answer
Answer:
The minimum number of bicycles that must be produced and sold to break even = 20
Explanation:
The profit generated by producing and selling n bicycles per week is given by the formula:
To get the minimum number of bicycles that must be produced and sold to break even, let P(n) = 0 (Since break even means no profit is made)
Solve the resulting quadratic equation above
This means that, to break even, either 60 or 20 bicycles must be produced and sold
The minimum number of bicycles that must be produced and sold to break even = 20