Constraints are simply the subjects of an objective function.
The inequality that represents the constraint is:
Represent the number of hats with x, and the number of scarves with y.
From the question, we have:
So, the equation of the total time spent is:
This time spent is not more than 20 hours.
So, the inequality is
Hence, the inequality that represents the constraint is:
Read more about constraints at:
Answer:
future payment is $77056.92
total interest is paid after 45 year is $23056.42
Step-by-step explanation:
Given data
payment (P) = $100
No of installment (n) = 12
rate of interest ( r ) = 1.5 % i.e. = 0.015
time period (t) = 45 years
to find out
future payment and interest after 45 year
solution
we know future payment formula i.e. given below
future payment = payment ×
now put all these value in equation
future payment = $ 100 ×
future payment = $ 77056.92
payment paid in 45 year @ $100 total money is paid is 45 × 12 × $100 i.e. = $54000
total interest = future payment - money paid
total interest = $77056.42 - $54000
total interest = $23056.42