How much interest will be earned on a $2000 investment at 8.29% compounded
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Answer:
Step-by-step explanation:
Given that EM company produces two types of laptop computer bags.
Let regular version produced be R and deluxe version be D
Total capital required
=
Total labor hours required
=
Sales revenue =
Solving the two constraints we have
10D 140
D can be atmost 14 and hence R can be 49
Otherwise if D is made 0, R = 65 maximum
If R is made 0, D maximum is 46
Thus corner points are (65,0) (0.,46) or (49,14)
Sales revenue for (65,0) = 2990
(0,46) is 2530
(49,14) is 3024
Maximum when R =14 and D is 49