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timofeeve [1]
3 years ago
15

Max and Jay Are running a lemonade stand they spent $12 on all the material and charge $1.50 for each cup of lemonade write an e

quation that will allow you to calculate the profit (P) if you are told the number of cups (c) that are sold.
Mathematics
1 answer:
kobusy [5.1K]3 years ago
5 0

Answer:

P = $1.50c - $12

Step-by-step explanation:

profit = total revenue - total cost

total revenue = price per cup x total cup sold = $1.5 x c = 1.5c

Cost = $12

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3 years ago
if an amount of $5,000 is deposited into a savings account at an annual interest rate of 5%, compounded monthly, what is the val
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Answer:

$8,240

Step-by-step explanation:

We are given that,

Principle amount in the savings account, P = $5,000.

Rate of interest, r = 5% = 0.05

Time period, t = 10

Also, the interest is compounded monthly, n = 12

As, we now that the value of the investment is given by P(1+\frac{r}{n})^{nt}

Thus, we have,

Investment Value = 5000(1+\frac{0.05}{12})^{12\times 10}

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i.e. Investment Value = 5000\times 1.648

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Hence, the investment amount after 10 years is $8,240.

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Answer:

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Step-by-step explanation:

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