Answer:
$2,610.37
Step-by-step explanation:
The computation of the amount that should be earn in 15 years is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $1,000 × (1 + 6.5% ÷ 2)^15 × 2
= $1,000 × (1 + 3.25%)^30
= $1,000 × 2.610368439
= $2,610.37
5/60
= 1/12
60minute = 1hour
Answer:
I= -20p^2 + 840p
Step-by-step explanation:
When the ticket price is $2 there are 800 passengers daily, but every $0.1 increase in ticket price the number of passengers will be decreased by 2.
You can put information into these equations of:
passenger- = (800-2x)
ticket price= p = $2 + 0.1x
Income is calculated by multiplying the number of the passenger with the ticket price. The answer will be expressed in terms of the ticket price, so we need to remove x from the passenger equation.
p= $2 +0.1x
p-$2 = 0.1x
x= 10p- $20
If p= ticket price, the function for the number of passengers it will be:
passenger = (800-2x)
passenger = 800- 2(10p- $20)
passenger =800- 20p+40
passenger =840- 20p
The function of I will be:
I= passenger x ticket price
I= 840- 20p * p
I= -20p^2 + 840p
7/12 divided by 2/5 is 35/24
The vertex will be (1 , 2)
