document.write( "Question 1043740: Please help me fill in the blanks:
\n" );
document.write( "Andrew and Bobby both opened restaurants at the same time. Andrew reported that on the first week after opening his restaurant, he had a profit of $500, and every week after that, his profit continually increased by 12%. Bobby reported that on the first week after opening his restaurant, he had a profit of $600, and every week after that, his profit continually increased by 8%.\r
\n" );
document.write( "\n" );
document.write( "Use the information given above to determine how long Bobby will have a higher profit than Andrew.\r
\n" );
document.write( "\n" );
document.write( "The first week Andrew will have a higher profit than Bobby will occur ___ weeks after he opens his restaurant.\r
\n" );
document.write( "\n" );
document.write( "The first week when Andrew's profit is higher than Bobby's, Bobby starts an advertising campaign that makes his weekly profit begin to increase by 15%. Taking this change into account, what will Bobby's weekly profit be 14 weeks after opening his restaurant? ___ \n" );
document.write( "
Algebra.Com's Answer #658918 by josmiceli(19441) You can put this solution on YOUR website! Let \n" ); document.write( "Let \n" ); document.write( "Let \n" ); document.write( "------------------------------- \n" ); document.write( "The equation for both of them is: \n" ); document.write( " \n" ); document.write( "----------------------------- \n" ); document.write( "Andrew's equation: \n" ); document.write( " \n" ); document.write( "Bobby's equation: \n" ); document.write( " \n" ); document.write( "------------------------ \n" ); document.write( "Note that the 1st week for each will be \n" ); document.write( "Find the week when their profits are equal \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Take the log of both sides \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "----------------- \n" ); document.write( "If I start with week \n" ); document.write( "make the same profit, so \n" ); document.write( "The first week Andrew will have a higher profit than Bobby will occur 7 weeks after he opens his restaurant. \n" ); document.write( "-------------------------------------------- \n" ); document.write( "After 7 weeks, Bobby's profit is: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Then Bobby's equation becomes: \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "This is 7 weeks, but the 1st week is week \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "What is Bobby's weekly profit 14 weeks after opening his restaurant? \n" ); document.write( "$2,202.31 \n" ); document.write( "----------------- \n" ); document.write( "I could easily get this wrong. \n" ); document.write( "Get another opinion, too. \n" ); document.write( " |