I JUST NEED AN ANSWER PLEASE
1 answer:
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well, we're assuming all along that Merina owes Bradford $2000, because in the 1st scenario, she was going to pay twice $1000.
on the 2nd scenario, she'll be paying the same $2000 but split 7 months from now and then 7 months later, same 2000 bucks, at which point Bradford applied 8.5% interest.
using those assumptions, since the wording is not quite clear, we can say that Merina is simply paying 2000 bucks plus the 8.5%
First,
We are dealing with parabola since the equation has a form of,
Here the vertex of an up - down facing parabola has a form of,
The parameters we have are,
Plug them in vertex formula,
Plug in the into the equation,
We now got a point parabola vertex with coordinates,
From here we emerge two rules:
- If
then vertex is max value
- If
then vertex is min value
So our vertex is minimum value since,
Hope this helps.
r3t40
