SOLUTION: 1)A retiree invests $7,000 in a savings plan that pays 3% per year. What will the account balance be at the end of the first year? 2)Joy invests $19,000 at 14% simple interest f

Question 1160806: 1)A retiree invests $7,000 in a savings plan that pays 3% per year. What will the account balance be at the end of the first year?
2)Joy invests $19,000 at 14% simple interest for 1 year. How much is in the account at the end of the 1 year period?
3) Chad runs a factory that makes DVD players. Each R80 takes 9 ounces of plastic and 2 ounces of metal. Each FS20 requires 6 ounces of plastic and 4 ounces of metal. The factory has 324 ounces of plastic, 184 ounces of metal available, with a maximum of 20 R80 that can be built each week. If each R80 generates $6 in profit, and each FS20 generates $13, how many of each of the DVD players should Chad have the factory make each week to make the most profit?
R80:
FS20:
Incorrect
Best profit:
Answer by ikleyn(52890) (Show Source): You can put this solution on YOUR website!
.


(1)  The solution and the answer in one line


         Future value = 7000 + 0.03*7000 = 7210 dollars.



(2)  Use the same method and solve this SIMPLE problem on your own.

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On solving similar problems, see the lesson
- Simple interest percentage problems
in this site.

Consider this lesson as your handbook, textbook, guide, tutorial and (free of charge) home teacher.

Learn the subject from there.

Happy learning (!)

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