Answer:
C = 81.6814089933 in
Step-by-step explanation:
Answer:
Step-by-step explanation:
First, the profit formula:
PROFIT= TOTAL REVENUE - TOTAL COST
Next, note the points:
- Without Advertisement, Q = 6,000 where Q is quantity supplied
- A formula that gives the total profit P in dollars must take into account that 100cents = 1dollar
- Here, only a dollar is spent on advertisement, hence, Q = 6005
- Advertising expenses have been accounted for and [P = 9cents × Q] where Q is quantity sold.
- 9 cents = 0.09 dollars
TOTAL PROFIT FORMULA = 0.09Q - 500
Answer:
y= -2/7x +4
Step-by-step explanation:
The Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt)/(r/t)
where: P is the monthly payment, r is the annual rate = 7% = 0.07, t is the number of periods in one year = 12 and n is the number of years = 3.
18,000 - 6,098 = P(1 - (1 + 0.07/12)^-(3 x 12)) / (0.07/12)
11,902 = P(1 - (1 + 0.07/12)^-36) / (0.07/12)
P = 0.07(11,902) / 12(1 - (1 + 0.07/12)^-36) = 367.50
Therefore, monthly payment = $367.50
