Answer:
1) 2.71%
2) $38.32
Step-by-step explanation:
Opening balance = $1220
Balance after 10 days (after expense) = $1690
Balance after 10 days(after payment) = $1340
APR = 33%
1) Periodic interest rate = APR ×
= 33%× 30/365
= 2.71%
2) Interest charged for first 10 days =
= $11.02
Interst charged for the next 10 days =
= $15.2
Interest charged for the next 10 days =
= $12.10
Total interest for 30 days = 11.02+15.2+12.10
= $38.32
Answer:
5 trees should be planted to maximize the yield per acre,
The maximum yield would be 1250
Step-by-step explanation:
Given,
The original number of trees per acre = 20,
Average pounds of nuts by a tree = 60,
Let x be the times of increment in number of trees,
So, the new number of trees planted per acre = 20 + x
∵ for each additional tree planted per acre, the average yield per tree drops 2 pounds,
So, the new number of pounds of nut = (60 - 2x)
Thus, the total yield per acre,
Differentiating with respect to t ( time ),
Again differentiating with respect to t,
For maxima or minima,
⇒ 20 - 4x = 0
⇒ 20 = 4x
⇒ x = 5,
For x = 5, Y''(x) = negative,
Hence, Y(x) is maximum for x = 5,
And, maximum value of Y(x) = (20+5)(60 - 10) = 25(50) = 1250,
i.e. 5 trees should be planted to maximize the yield per acre,
and the maximum yield would be 1250 pounds