SOLUTION: Alicia has invented a new app for smart phones that two companies are interested in purchasing for a 2-year contract.
Company A is offering her $10,000 for the first month and w
Algebra.Com
Question 1176384: Alicia has invented a new app for smart phones that two companies are interested in purchasing for a 2-year contract.
Company A is offering her $10,000 for the first month and will increase the amount each month by $5,000.
Company B is offering $500 for the first month and will double their payment each month from the previous month.
Monthly payments are made at the end of each month. For which monthly payment will company B’s payment first exceed company A’s payment?
a)6
b)7
c)8
d)9
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
Company is offering her $ for the first month and will increase the amount each month by $.
Company is offering $ for the first month and will double their payment each month from the previous month.
number of months.....Company .................Company
1................................$.......................$
2................................$.......................$
3................................$.......................$
4................................$.......................$
5................................$.......................$
6................................$.......................$
7................................$.......................$
................................$.......................$
so, answer is c)
RELATED QUESTIONS
Chris has invented a new app for smart phones that two companies are interested in... (answered by mananth)
A smart phone manufacturer is interested in constructing a 95% confidence interval for... (answered by Boreal)
In a shipment of 20 smart phones, 2 are defective. How many ways can a quality control... (answered by richard1234)
In a shipment of 18 smart phones, 2 are defective. How many ways can a quality control... (answered by jim_thompson5910)
Marketing companies are interested in knowing the population percent of women who make... (answered by Theo)
In a shipment of 22 smart phones, three are defective. How many ways can a quality... (answered by Alan3354,ikleyn)
Nice App Inc. wants to provide a special digital reward for users that spend more than... (answered by CPhill)
algebra.com a george monkey is in the process of negotiating his first contract. the... (answered by ikleyn)
Two companies are bidding for two contracts,company A has a 75% chance and company B has... (answered by gonzo)