A rectangular yard measuring 35ft and 45ft is bordered (and surrounded) by a fence. Inside, a walk that is 4ft wide goes all the
1 answer:
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Answer:
Option B.) $8,123.79
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Given
To obtain the minimum value of y, we first take the derivative of y
The derivative of y is:
Equating
gives the minimum value we require.
Doing that, we have:
So that
Therefore, the minimum value is x = 3