Answer: The maximum profit that can make by the company is $461. x= Number of widget. The profit of the company will maximum only when if they sell widget.
Compound interest formula = a=P(1+r/n)^nt
P= lump sum to deposit (solving for)
A= amount accumulated over the entire time (20000)
n= number of times interest is compounded annually (1)
r= rate of interest (0.82)
T= total number of years (15)
20000=P(1+0.082/1)^1*15
20000=P(1.082)^15
20000=P(3.26143638)
20000/3.26143638=P
P=$6132.2674
The answer is because 3 squared =9
Then you are able to substitute in X and it can have a infinite number of values catered to the question.
