Answer:$6451.6 should be deposited.
Step-by-step explanation:
The principal was compounded monthly. This means that it was compounded 12 times in a year. So
n = 12
The rate at which the principal was compounded is 7.2%. So
r = 7.2/100 = 0.072
It was compounded for 3 years. So
t = 3
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years. A is given as $8000 Therefore,
8000 = P (1+0.072/12)^12×3
8000 = P(1+0.006)^36
8000 = P(1.006)^36
P = 8000/1.24
P = $6451.6
Answer:
42 square inches
Step-by-step explanation:
Area of a triangle = (1/2)(base)(height)
A = 1/2(12)(7)
A = 1/2(84)
A = 42
Answer:
-1.39
Step-by-step explanation:
Revenue and cost as a function of units sold are 
and
respectively.
we are have to know for which value or input units are these functions at maximum which translates to for how many units is the revenue maximum and for how many same units is our cost minimum.
