Simple interest is $ 9
<em><u>Solution:</u></em>
Given that,
P = $ 400

T = 0.25 years
<em><u>The formula for simple interest is:</u></em>

Where,
I is the simple interest earned
R is the rate of interest in decimal
T is the number of years
<em><u>Substituting the values we get,</u></em>

Thus simple interest is $ 9
Answer:
The markup rate on each box=41%
Step-by-step explanation:
The markup rate is the additional price that a good is sold at expressed as a percentage. This can be expressed as;
R={(S-C)/C}×100
where;
R=markup rate
S=selling price
C=cost
In our case;
R=unknown
S=$20.50
C=$14.50
replacing;
R={(20.5-14.5)/14.5}×100
R=(6/14.5)×100
R=41.38% rounded off=41%
The markup rate on each box=41%
Answer:
a) P(x)=14x-224,000 and b) P(21,000)=70,000.
Step-by-step explanation:
a.) Use the formulas shown to write the company's profit function, P, from producing and selling x radios.
The company's profit is given by its revenue minus the production cost. Then, the profit function P(x) will be given by

b.) Find the company's profit if 21,000 radios are produced and sold
To obtain the company's profit we just need to substitute the value given (x=21,000) in the formula 1). Therefore,
.