Slope= 2; (14, 33)<br><br> Equation:_____

Merle Fonda opened a new savings account. She deposited $40,000 at 10% compounded semiannually. At the start of the fourth year,

IrinaVladis [17]

Use compound interest formula F=P(1+i)^n twice, one for each deposit and sum the two results.

For the P=$40,000 deposit,
i=10%/2=5% (semi-annual)
number of periods (6 months), n = 6*2 = 12
Future value (at end of year 6),
F = P(1+i)^n = 40,000(1+0.05)^12 = $71834.253

For the P=20000, deposited at the START of the fourth year, which is the same as the end of the third year.
i=5% (semi-annual
n=2*(6-3), n = 6
Future value (at end of year 6)
F=P(1+i)^n = 20000(1+0.05)^6 = 26801.913

Total amount after 6 years
= 71834.253 + 26801.913
=98636.17 (to the nearest cent.)

8 0

2 years ago

Between 20 and 28 students signed up for the chess club. The students could not be divided exactly into groups of 2,3,4 or 5. Ho

Artemon [7]

23

Those are not the answer:
1) 20 - can be divided by 2
2) 21 - can be divided by 3
3) 22 - can be divided by 2
4) 24 - can be divided by 2 and 4.
5) 25 - can be divided by 5
6) 26 - can be divided by 2
7) 27 - can be divided by 3
8) 28 - can be divided by 2 and 4

8 0

2 years ago

A restaurant operator in Accra has found out that during the lockdown,if she sells a plate of her food for Ghc 20 each,she can s

ella [17]

The demand equation illustrates the price of an item and how it relates to the demand of the item.

The slope of the demand function is -1/2
The equation of the demand function is: $R(x) = (300 - 10x) \times (20 + 5x)$
The price that maximizes her revenue is: Ghc 85

From the question, we have:

$Plates = 300$

$Price = 20$

The number of plates (x) decreases by 10, while the price (y) increases by 5. The table of value is:

$\begin{array}{cccccc}x & {300} & {290} & {280} & {270} & {260} \ \\ y & {20} & {25} & {30} & {35} & {40} \ \end{array}$

The slope (m) is calculated using:

$m = \frac{y_2 - y_1}{x_2 - x_1}$

So, we have:

$m = \frac{25-20}{290-300}$

$m = \frac{5}{-10}$

$m = -\frac{1}{2}$

The equation of the demand is as follows:

The initial number of plates (300) decreases by 10 is represented as: (300 - 10x).

Similarly, the initial price (20) increases by 5 is represented as: (20 + 5x).

So, the demand equation is:

$R(x) = (300 - 10x) \times (20 + 5x)$

Open the brackets to calculate the maximum revenue

$R(x) =6000 + 1500x - 200x - 50x^2$

$R(x) =6000 + 1300x - 50x^2$

Equate to 0

$6000 + 1300x - 50x^2 =0$

Differentiate with respect to x

$1300 - 100x =0$

Collect like terms

$100x =1300$

Divide by 100

$x =13$

So, the price at maximum revenue is:

$Price= 20 + 5x$

$Price= 20 + 5 * 13$

$Price= 85$

In conclusion:

The slope of the demand function is -1/2
The equation of the demand function is: $R(x) = (300 - 10x) \times (20 + 5x)$
The price that maximizes her revenue is: Ghc 85

Slope= 2; (14, 33) Equation:______