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g100num [7]
2 years ago
5

Alexa opens a savings account with a starting balance of $10,000. She will not make any additional deposits or withdrawals. The

account earns 5% simple interest. What is the total amount that Alexa will have in her account at the end of 4 years?
Mathematics
1 answer:
Mice21 [21]2 years ago
5 0

Answer:

$12,000

Step-by-step explanation:

Use the simple interest formula: P = A(1 + rt)

P = final balance (?)

A = starting balance (10,000)

r = interest rate (0.05)

t = years (4)

P = 10,000(1 + 0.05 · 4)

P = 10,000(1 + 0.2)

P = 10,000(1.2)

P = 12,000

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2 years ago
6. The revenue function for a production by a theatre group is
Sidana [21]

Answer:

When the ticket price is $3 or $4 the production will be in break even

Step-by-step explanation:

<u><em>The correct question is</em></u>

The revenue function for a production by a theatre group is R(t) = -50t^2 + 300t where t is the ticket price in dollars. The cost function for the production is C(t) = 600-50t. Determine the ticket price that will allow the production to break even

we know that

Break even is when the profit is equal to zero

That means

The cost is equal to the revenue

we have

R(t)=-50t^2+300t

C(x)=600-50t

Equate the cost and the revenue

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