F(x)=2-x growth or decay
1 answer:
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The minimum or maximum value of a quantity are what are used to maximize or minimize a function.
<em>The method for finding these minimum or maximum value is linear programming.</em>
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Take for instance, the following parameters:
Subject to:
The above is an illustration of a linear programming.
It is useful in the following areas:
- To formulate real life problems
- To get an optimal solution
- To maximize profit and minimize cost
- Etc
Read more about linear programming at:
Answer:
106.63%.
Step-by-step explanation:
We have been given that at the end of 2005, this price was $513. At the end of 2015, it was $1060.
To find the percentage of the price per ounce of gold increase we will use % increase formula.
Let us substitute our given values in above formula.
Therefore, the price of per ounce of gold increased by 106.63%.