Answer:
Option 1:
He starts with $10, and for each week, we add $100
Then his balance as a function of weeks will be:
f(w) = $10 + $100*w
option 2.
Again, we start with $10, and for each week that passes this is doubled, then the equation will be:
g(w) = $10*(2)^w
Now, we want in week w = 7 to have at least $700, then we need to replace w by 7 in both equations and see which one is better.
option 1:
f(7) = $10 + $100*7 = $710
With option 1 he will have enough
option 2:
g(7) = $10*(2)^7 = $1280
Again, he will have more than $700 in week 7, and we can clearly see that this option is better.
130,000 - 60,000 (volatile bonds) = $70,000 left but they do not want to invest more in the stable bond than the $60,000 they invested in the more volatile bond, so they would put $60,000 in each and have $10,000 left, investing only $120,000. The question said they had up to $130,000 to invest but with the conditions listed, they are only going to invest $120,000.
60,000 x 11.0 = $6600.00
60,000 x 5.5 = 3300.00
Max Income of $9900.00
This sounds like an answer....
1 hour
is that a lil pump reference
The answer to this question is A, 12. Hope this helps.
