An economic model predicts that the supply, s, and the demand, d, for a new product can be estimated using the lines on the grap
h below.
Based on this graph, what number of items must be sold in order for the supply and demand to be equal?
Based on this graph, what number of items must be sold in order for the supply and demand to be equal?
1 answer:
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Going to add on to your variables for the sake of the formula.
Let A = the amount after T years.
P = Principal amount
or ≈ $562.43
The customer would have $562.43 at the end of 3 years.
Let A = the amount after T years.
P = Principal amount
The customer would have $562.43 at the end of 3 years.