The average daily balance of a credit card for the month of November was $700, and the unpaid balance at the end of the month wa
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The problem can be solved step by step, if we know certain basic rules of summation. Following rules assume summation limits are identical.
Armed with the above rules, we can split up the summation into simple terms:
=> (a) f(x)=28n-n^2
=> f'(x)=28-2n
=> at f'(x)=0 => x=14
Since f''(x)=-2 <0 therefore f(14) is a maximum
(b) f(x) is a maximum when n=14
(c) the maximum value of f(x) is f(14)=196
Armed with the above rules, we can split up the summation into simple terms:
=> (a) f(x)=28n-n^2
=> f'(x)=28-2n
=> at f'(x)=0 => x=14
Since f''(x)=-2 <0 therefore f(14) is a maximum
(b) f(x) is a maximum when n=14
(c) the maximum value of f(x) is f(14)=196