Answer:
$936
Step-by-step explanation:
Simple interest is money you can earn by initially investing some money (a.k.a the principal). In return, a percentage (a.k.a the interest) of the initial money invested is added to the principal, this is what makes your initial investment grow.
The equation for simple interest is:
I = P x r x t
P = Principal, $2600
r = interest rate, 12%
t = time involved, 3 years
Fill in the values:
2600 × 0.12 × 3 = $936.00
change to improper fraction:
22 4/5
22*5=110+4=114
114/5
divide:
114/5=22.8
Thus, 22 4/5 as a decimal is 22.8
Answer:
The minimum cost per unit is obtained for an order of 8 units.
Step-by-step explanation:
Since the total cost is modeled by;
C(x)=5x²+320
Then;
1 unit costs; C(x)=5(1)²+320 = 325
cost per unit 325/1 = 325
8 units costs; C(x)=5(8)²+320 = 640
cost per unit = 640/8 = 80
80 units costs; C(x)=5(80)²+320 = 32320
Cost per unit = 32320/80 = 404
The minimum cost per unit is obtained for an order of 8 units.
