Jed wants to earn 25% annual net income on his $50,000 cash investment in property his annual expense of owning the property are
1 answer:
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Answer:
Dimensions:
Perimiter:
Minimum perimeter: [16,16]
Step-by-step explanation:
This is a problem of optimization with constraints.
We can define the rectangle with two sides of size "a" and two sides of size "b".
The area of the rectangle can be defined then as:
This is the constraint.
To simplify and as we have only one constraint and two variables, we can express a in function of b as:
The function we want to optimize is the diameter.
We can express the diameter as:
To optimize we can derive the function and equal to zero.
The minimum perimiter happens when both sides are of size 16 (a square).