Solve the problem. Round to the nearest cent as needed.A bank has $750,000 to lend for 7 months. It can lend it to a local contractor at a simple interest rate of 12%, or it can lend it to a small business that will pay 12% compounded monthly. If the bank wants to maximize its interest earned, who should receive the loan (contractor or business) and what is the additional interest earned?
A. Business; $54,101.51
B. Contractor; $52,500
C. Contractor; $1601.51
D. Business; $1601.51
Answer: D
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Solve the problem.The city council gave a questionnaire to its citizens, asking them to rank their priorities for next year's budget. People were asked to rank the following four choices: (P)olice, (R)oads, (S)chools, and (T)rash removal. The results are summarized in the table below.Which choice wins using the method of pairwise comparisons?
A. R B. S C. T D. P
Solve the problem.Find the exponential function that models the data in the table below. Round the coefficients to the nearest hundredth.
A. f(x) = + 4.45
B. f(x) = 3.33(1.20)x
C. f(x) = 3.11(1.26)x
D. f(x) =
Find the equation of the tangent line at the given point on the curve.xy2 = 4; (4, 1)
A. y = - x +
B. y = -2x + 9
C. y = - x + 3
D. y = -8x + 33
Solve the problem.The cost of a computer system increases with increased processor speeds. The cost C of a system as a function of processor speed is estimated as where S is the processor speed in MHz. Find the processor speed for which cost is at a minimum. Round to the nearest tenth if necessary.
A. 3 MHz B. 7.5 MHz C. 0.4 MHz D. 0.3 MHz