Concept explainers
Repeat Example 5 with
Want to see the full answer?
Check out a sample textbook solutionChapter 4 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
Additional Math Textbook Solutions
A Survey of Mathematics with Applications (10th Edition) - Standalone book
Calculus Volume 1
Probability and Statistics for Engineers and Scientists
Mathematics with Applications In the Management, Natural and Social Sciences (11th Edition)
Finite Mathematics & Its Applications (12th Edition)
Using & Understanding Mathematics: A Quantitative Reasoning Approach (7th Edition)
- What is the total effect on the economy of a government tax rebate of $1,000 to each household in order to stimulate the economy if each household will spend 90% of the rebate in goods and services?arrow_forwardSuppose $1,000 is divided into two bank accounts. One account pays 1% simple interest per year and the other pays 2.5%. After three years there is a total of $55 in interest between the two accounts. How much was invested into the bank account that pays 2.5% simple interest (rounded to the nearest cent)? O $444.44 O $555.56 O $333.33 O $451.55arrow_forwardFor a recent year, the federal income tax owed by a taxpayer (single-no dependents) was based on the individual's taxable income. (Source: Internal Revenue Service, www.irs.gov) If your taxable income is but not over– The tax is of the amount over- over– $0 $8925 $0 + 10% $O $8925 $36,250 $892.50 + 15% $8925 $36,250 $87,850 $4991.25 + 25% $36,250 Write a piecewise-defined function that expresses an individual's federal income tax f(x) (in S) as a function of the individual's taxable income x (in S).arrow_forward
- During his short stint as Shadow Finance Minister, Barnaby Joyce displayed a curious grasp of numbers. One of his most infamous exclamations was “All this billions, quillions, Brazilians.” Less well known was his tax-reform proposal, recommending that if you earn $x per day, you are taxed x% of that amount (with the understanding that you pay 100% tax if you earn $100 or more per day. Under Senator Barnaby’s plan, which amount x gives you the highest earnings after tax has been taken out?arrow_forwardSuppose $6,500 is divided into two bank accounts. One account pays 10% simple interest per year and the other pays 4.6%. After two years there is a total of $1000 in interest between the two accounts. How much was invested into the bank account that pays 10% simple interest (rounded to the nearest cent)? O $4,441.44 O $3,722.22 O $2,777.78 O $3,233.33 83 e here to search 2/23, F8 F10 Prt Sc Insert Del PX Backspace 7 8 Aarrow_forwardSuppose you go to a company that pays $0.04 for the first day, $0.08 for the second day, $0.16 for the third day, and so on.arrow_forward
- Suppose $50,000 is divided into two bank accounts. One account pays 4% simple interest per year and the other pays 6.4%. After five years there is a total of $12,000 in interest between the two accounts. How much was invested into the bank account that pays 6.4% simple interest (rounded to the nearest cent)? O $16,666.67 O $33,333.33 O $45,511.55 O $55,555.56 MacBookarrow_forwardIf Ms. Smith receives an income of 26,247 per year, how much does she receive each weekarrow_forwardYou go to work at a company that pays $0.01 for the first day, $0.02 for the second day, $0.04 for the third day, and so on. If the daily wage keeps doubling, what would your total income be for working (a) 29 days, (b) 30 days, and (c) 31 days?arrow_forward
- Suppose you go to a company that pays $0.04 for the first day, $0.08 for the second day, $0.16 for the third day, and so on. If the daily wage keeps doubling, what will your total income be for working 30 days? Total Income = $arrow_forwardSuppose $67,050 is divided into two bank accounts. One account pays 6% simple interest per year and the other pays 1%. After seven years there is a total of $15,000 in interest between the two accounts. How much was invested into the bank account that pays 1% simple interest (rounded to the nearest cent)? O $44,451.55 O $55,455.56 O $37,602.90 O $29,447.10 MacBook A DII F10 F9 F8 80 F7 F6 F5 F4 F3 F2 & $4 4 5 6. 7 2 3 00arrow_forwardFidelity Investments publishes a magazine a few times a year. In 2008 the President of Fidelity Investments was Steven P. Akin. Here is what he said on his President’s Note page of the magazine: Doing a quick calculation, I found that a sum of $10,000 in 1993 had the same buying power as $14,867 does in 2008. In other words, $10,000 has lost almost half its real value in the past 15 years. What is the correct loss in the value of the original $10,000? accept, as a fact, that what cost $10,000 in 1993 costs $14,867 in 2008. I’m interested in the statement that the original $10,000 had lost approximately half its real value.arrow_forward
- Intermediate AlgebraAlgebraISBN:9781285195728Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage LearningAlgebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage Learning
- Trigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage Learning