document.write( "Question 884286: PLEASE HELP WITH THIS QUESTION.
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document.write( "Joshua currently earns $5000 a year from his lawn care business. He has two plans to increase his revenue.\r
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document.write( "Plan 1 would increase his yearly revenue by 20%.
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document.write( "Plan 2 would increase his revenue by $1500 a year.\r
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document.write( "After 7 years, how much more revenue does Plan 1 generate than Plan 2? Round to the nearest dollar. \n" );
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Algebra.Com's Answer #534171 by rothauserc(4718)![]() ![]() You can put this solution on YOUR website! revenue or interest = Prt where P is the principal, r is rate and t is time \n" ); document.write( "we know plan 1 yields 20% revenue and \n" ); document.write( "plan 2 yields $1500 revenue which is 1500/5000 = 30%, therefore \n" ); document.write( "plan 1 = 5000*.20*7 = $7000 \n" ); document.write( "plan 2 = 5000*.30*7 = $10,500 \n" ); document.write( "plan 2 generates $3,500 more revenue than plan 1\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |