Answer:
a) C = 250 + 1.25n
b) 1800
c) 300
Step-by-step explanation:
a) To write the equation for these problems, let's establish the constant, $250, since we are given that $250 is a FIXED cost, meaning no matter how many brochures we print, we will have to pay $250. Then, we have to pay $1.25 for each brochure, so for n amount of brochures, so we have 1.25*n. Putting it together, we have the fixed cost + the cost of producing n brochures, C = 250 + 1.25C
b) The cost of printing 2500 brochures can be found by pluggin number into the equation above. C = 250 + 1.25*2500 = $1800
c) This is the opposite question, since 625 is the final cost, we plug it into the final cost, 625 = 250 + 1.25*n. Solving gives n = 300
The third fin is the answer.
Take a look at the attachment to see the solution.
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)
