If the simple interest on $3000 for 8 years is $1680, then what is the interest rate?
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Answer:
For the profit of $5,000, the key chains made is n = 4,000.
Step-by-step explanation:
Here the given expression , where: n = Number of key rings in thousands is given as:
P(n) = n²- 2 n - 3
Now, Profit is given to be $5,000.
Also, as we know 5000 = 5 x (1,000)
⇒ n²- 2 n - 3 = 5
Now, solving the above expression for the value of n, we get:
So, n = 4, OR , n = -2
Now, as n = The number of key chains. So it CANNOT BE NEGATIVE.
So, n= 4 = 4 x (1,000) = 4,000 key rings.
Hence, for the profit of $5,000, the key chains made is n = 4,000.