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    CHAPTER 2 - 2 of 2

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    CHAPTER 2 - 2 of 2

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    Maniha Khan
    7 views15 pages
    An assignment made to fulfil the requirements of this website

    Copyright

    © © All Rights Reserved

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    An assignment made to fulfil the requirements of this website

    Copyright:

    © All Rights Reserved
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    Download as pptx, pdf, or txt
    7 views15 pages

    CHAPTER 2 - 2 of 2

    Uploaded by

    Maniha Khan
    An assignment made to fulfil the requirements of this website

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 15

    CHAPTER 2

    Linear EQUATIONS INVOLVING TWO


    VARIABLES
    Q 28 A police department believes number of serious crimes which occur
    each month can be estimated by the equation
    C = 1,200 – 12.5p
    Where c equals the number of serious crimes expected per month and p
    equals the number of officers assigned to prevented patrol. If c is graphed
    on the vertical axis:
    a. Identified the slop and interpret its meaning.
    b. Identify the c intercept and interpret its meaning
    c. Identify the p intercept and interpret meaning
    Q 29 The book value of a machine is expressed by the equation
    V = 60,000 – 7,500 t
    Where V equals the book value in dollars and t equals the age of the machine expressed in years
    a. Identify the t and V intercept
    b. Interpret the meaning of the intercept
    c. Interpret the meaning of the slope
    d. sketch the function
    Q 31
    Product Mix a company produces two products. Weekly Labor
    availability equal 150 labor-hours. Each unit of product 1 requires 3
    labor hours and each unit of product 2 requires 4.5 labor hours. If
    management wishes to use all labor hours the equation

    3x + 4.5y =150
    is a statement of this requirement, where x equals the number of units
    produced of product 1 and y equals the number of units produced of
    product 2. Rewrite the equation in slope-intercept form and interpret
    the meaning of the slope and y intercept. Solve for the x intercept and
    interpret its meaning
    Q 32
    Portfolio Management A portfolio manager is concerned two stock
    generate an annual income of $15000 for a client. Two stocks earn
    annual dividends of $2.4 and $3.5 per share respectively. If x equal the
    number of shares of stock 1 and y equals the number of share of stock
    2 the equation
    2.4x + 3.5y = 15000
    States total annual dividends income from the two stocks should total
    $15000. Rewrite the equation in slope-intercept form an interpret the
    meaning of slope and y intercept in this application. Solve for the x
    intercept and interpret its meaning.
    Simple Interest
    • When we borrow money from a lender (bank), we must pay a fee called interest.
    The type of interest that we shall discuss here is called simple interest, which is
    fixed percentage of the amount borrowed over a specified period of time.
    • Borrowing transactions the amount of money borrowed is called the principal
    and denoted by P
    The interest that must be paid to the lender for each year money is held is
    Pr
    Thus, if we hold the money t years, the total interest due
    I= Prt
    Since the amount, A repaid after t years is the principal plus the interest, we have
    A = P+I
    A= P+ Prt = P(1+rt)
    Example – 1
    Suppose that you borrow $ 6000 at the simple interest rate 12 %
    i. How much money do owe after t years
    ii. How much money do you owe after 10 years?
    iii. How much money do you owe after 8 months

    A= P(1+rt)
    i. A = 6000 ( 1 + 0.12 t )

    ii. A = 6000 ( 1 + 0.12 x 10 ) = ?

    iii. A = 6000 ( 1 + 0.12 x 0.66 ) = ?


    Example
    Suppose that you borrow $ 500000 at the simple interest rate 12 %
    i. How much money do owe after t years
    ii. How much money do you owe (0 to 10 ) years? A t
    0 500000
    1 560000
    A= P(1+rt) 2 620000
    3 680000
    i. A = 500000 ( 1 + 0.12 t ) 4 740000
    i. A = 500000 + 60000 t 5 800000
    6 860000
    ii. A = 500000 + 60000 x 10 = ? 7 920000
    8 980000
    9 1040000
    10 1100000

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