Answer:
The indifference point is 100 minutes.
Step-by-step explanation:
Giving the following information:
Plan a cost $23 plus an additional $.08 for each minute of calls.
Plan B cost $19 an additional $.12 for each minute of calls.
<u>First, we need to establish the total cost formula for each plan:</u>
Plan A= 23 + 0.08*x
Plan B= 19 + 0.12*x
x= number of minutes
<u>Now, to calculate the indifference point, we equal both formulas and isolate x:</u>
23 + 0.08x = 19 + 0.12x
4 = 0.04x
100= x
The indifference point is 100 minutes.
<u>Prove:</u>
Plan A= 23 + 0.08*100= $31
Plan B= 19 + 0.12*100= $31
Well by the looks of it The missing angle is 70 degrees. I say this because 110 + 70 = 180. If you were asking what were the two angles just divide.
Answer: he invested $46062.5 at 6% and $23031.25 at 10%
Step-by-step explanation:
Let x represent the amount which he invested in the account paying 6% interest.
Let y represent the amount which he invested in the account paying 10% interest.
He puts twice as much in the lower-yielding account because it is less risky.. This means that
x = 2y
The formula for determining simple interest is expressed as
I = PRT/100
Considering the account paying 6% interest,
P = $x
T = 1 year
R = 6℅
I = (x × 6 × 1)/100 = 0.06x
Considering the account paying 10% interest,
P = $y
T = 1 year
R = 10℅
I = (y × 10 × 1)/100 = 0.1y
His annual interest is $7370dollars. it means that
0.06x + 0.2y = 7370 - - - - - - - - - -1
Substituting x = 2y into equation 1, it becomes
0.06 × 2y + 0.2y = 7370
0.12y + 0.2y = 7370
0.32y = 7370
y = 7370/0.32
y = $23031.25
x = 2 × 23031.25
x = 46062.5
