Answer:
$478
Step-by-step explanation:
After 20 years, William will have a total of $3,513.94
After 20 years, Nolan will have a total of $3,991.93
Difference = $478
William:
2300[1 + (.02125 ÷ 4)]^4 · 20
2300 · (1 + .0053125)^80
2300(1.5278)
$3,513.94
Nolan:
2300[1 + (.0275 ÷ 12)]^12 · 20
2300 · (1 + .0023)^240
2300(1.7356)
$3,991.93
I used a graphing calculator for this.
The solution my calculator got was:
(-2.625, 0.688) My calculator is very accurate, I don't think the test expects it to be like that.
Let's find the closest coordinates.
"B" is the closest.
I hope this helps!
~kaikers
Computing the rate we get:

Then, when the assembly line runs at the same rate for 24 hours they will produce:

Answer: Option C) 720.