Answer:
New Premium = $571.24
Step-by-step explanation:
Current premium = $22.50 + $144.75 + $275.75 + $100.00 = $543.00
New Premium = Current Premium x (1 + 0.052)
New Premium = $543.00 x 1.052
New Premium = $571.24
now, there are 12 months in a year, so 18 months is really 18/12 of a year, thus
![~~~~~~ \textit{Simple Interest Earned Amount} \\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\dotfill & \$4000\\ P=\textit{original amount deposited}\\ r=rate\to 5\%\to \frac{5}{100}\dotfill &0.05\\ t=years\to \frac{18}{12}\dotfill &\frac{3}{2} \end{cases} \\\\\\ 4000=P[1+(0.05)(\frac{3}{2})]\implies 4000=P(1.075) \\\\\\ \cfrac{4000}{1.075}=P\implies 3720.93\approx P](https://tex.z-dn.net/?f=~~~~~~%20%5Ctextit%7BSimple%20Interest%20Earned%20Amount%7D%20%5C%5C%5C%5C%20A%3DP%281%2Brt%29%5Cqquad%20%5Cbegin%7Bcases%7D%20A%3D%5Ctextit%7Baccumulated%20amount%7D%5Cdotfill%20%26%20%5C%244000%5C%5C%20P%3D%5Ctextit%7Boriginal%20amount%20deposited%7D%5C%5C%20r%3Drate%5Cto%205%5C%25%5Cto%20%5Cfrac%7B5%7D%7B100%7D%5Cdotfill%20%260.05%5C%5C%20t%3Dyears%5Cto%20%5Cfrac%7B18%7D%7B12%7D%5Cdotfill%20%26%5Cfrac%7B3%7D%7B2%7D%20%5Cend%7Bcases%7D%20%5C%5C%5C%5C%5C%5C%204000%3DP%5B1%2B%280.05%29%28%5Cfrac%7B3%7D%7B2%7D%29%5D%5Cimplies%204000%3DP%281.075%29%20%5C%5C%5C%5C%5C%5C%20%5Ccfrac%7B4000%7D%7B1.075%7D%3DP%5Cimplies%203720.93%5Capprox%20P)
Answer:
5000
Step-by-step explanation:
In vertex form, the cost function is ...
C(x) = 3(x² -10x) +175 = 3(x² -10x +25) +175 -3(25)
C(x) = 3(x -5)² +100
The vertex is at x=5, so the cost function will be minimized when 5000 speed boats are produced.
1. No.
2. No.
3. Yes.
4. No.
It should be -43 correct me if I’m wrong
