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3 years ago

Phineas puts $600 into a certificate of deposit that earns 3.09%. If the money is

Mathematics

1 answer:

Rom4ik [11]3 years ago

5 0

Answer:

$678.83

Step-by-step explanation:

Given :

Principal, P = $600

Rate = 3.09% = 0.0309

Period, t = 4 years

Compounding times per period, n = 12 (monthly)

The compound interest formula :

A = P(1 + r/n)^nt

A = 600(1 + 0.0309/12)^(12*4)

A = 600(1 + 0.002575)^48

A = 600(1.002575)^48

A = 600 * 1.1313834

A = 678.83004

Worth in 4 years = $678.83

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Step-by-step explanation:

Using the Excel Formula:

Decision Variable Constraint Constraint

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B 80 80 80

C 90 90 90

14100 300 300

= (150 *B3)+(80*B4) +(65*B5)-(100-B3+80-B4+90-B5)*90

Now, we have:

Suppose A, B, C represent the number of units for production A, B, C which is being manufactured

A B C Unit price

Need of X 2 1 1 $20

Need of Y 2 3 2 $30

Need of Z 2 2 3 $25

Price of

manufac - $200 $240 $220

turing

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$20 (2) + $30(2) + $25(2)

$(40 + 60 + 50)

= $150

Also, the market price of A = $200

So, profit = $200 - $150 = $50/ unit of A

Again;

For manufacturing one unit of B, we require 1 unit of X, 3 units of Y, and 2 units of Z are needed and they are purchased at $20, $30, and 425 each.

So, total cost of manufacturing a unit of B is:

= $20(1) + $30(3) + $25(2)

= $(20 + 90+50)

= $160

And the market price of B = $240

Thus, profit = $240- $160

profit = $80

For manufacturing one unit of C, we have to use 1 unit of X, 2 unit of Y, 3 units of Z are required:

SO, the total cost of manufacturing a unit of C is:

= $20 (1) + $30(2) + $25(3)

= $20 + $60 + $25

= $155

This, the profit = $220 - $155 = $65

However; In manufacturing A units of product A, B unit of product B & C units of product C.

Profit --> 50A + 80B + 65C

This should be provided there is no penalty for under supply of there is under supply penalty for A, B, C is $40

The current demand is:

100 - A

80 - B

90 - C respectively

So, the total penalty

${(100 - A) + (80 - B) +(90 - C) } + \$40$

This should be subtracted from profit.

So, we have to maximize the profit

$Z = 50A + 80B + 65C = {(100 -A) + (80 - B) + (90 - C)};$

Subject to constraints;

we have the total units of X purchased can only be less than or equal to 300 due to supplies capacity

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$2A + B +C \le 300$ due to 2A, B, C units of X are used in manufacturing A, B, C units of products A, B, C respectively.

Next; demand for A, B, C will not exceed 100, 80, 90 units.

Hence;

$A \le 100$

$B \le 80$

$C \le 90$

and $A, B, C \ge 0$ because they are positive quantities

The objective is:

$\mathbf{Z = 50A + 80B + 65 C - (100 - A + 80 - B + 90 - C) * 40}$

A, B, C $\to$ Decision Varaibles;

Constraint are:

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