A 26' long painting is how many yards long
1 answer:
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A. Total Revenue (R) is equal to price per dive (P) multiplied by number of customers (C). We can write .
Per price increase is $20. So four price increase is $. Hence, price per dive is 100+80=$180.
Also per price increase, 2 customers are reduced from 30. For 4 price increases, customers are reduced. Hence, total customers is
.
So Total Revenue is:
B. Each price increase is 20. So x price increase is 20x. Hence, new price per dive would be equal to the sum of 100 and 20x.
Also per price increase, customers decrease by 2. So per x price increases, the customer decrease is 2x. Hence, new number of customers is the difference of 30 and 2x.
Therefor we can write the quadratic equation for total revenue as the new price times the new number of customers.
C. We are looking for the point (x) at which the equation modeled in part (B) gives a maximum value of revenue (y). That x value is given as , where a is the coefficient of
and b is the coefficient of x. So we have,
That means, the greatest revenue is achieved after 5 price increases. Each price increase was 20, so 5 price increase would be . So the price that gives the greatest revenue is
.
ANSWERS:
A. $3960
B.
C. $200
The total amount of interest will Gertrude pay by the time the subsidized Stafford loan is repaid is $2094.80.
<h3>What is compound interest?</h3>Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.
The formula for the final amount with the compound interest formula can be given as,
Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate<em> r </em>of in the time period of <em>t.</em>
Gertrude will graduate four years after taking out the loan. if the loan has an interest rate of 6.8%, compounded monthly, and Gertrude makes monthly payments.
Put the values in the above formula as,
In the 10 years, the refund she gets,
Interest paid by her is,
Thus, the total amount of interest will Gertrude pay by the time the subsidized Stafford loan is repaid is $2094.80.
Learn more about the compound interest here;