Given:
Amount = 8700
Time = 3 years
Rate of interest = 24% per annum
To find:
The principal values.
Solution:
Formula for amount:
Where, A is amount, P is principal, r is the rate of interest and t is the number of years.
Putting , we get
Divide both sides by 1.906624.
Therefore, the principal value is about 4563.04.
The inequality would be x>2
The probability is 2/25 or an 8% chance. By taking the probability of the fishers from Clearwater (56/70) and multiplying that by the probability of the non fishers from Mountain view (8/80) we can find the total probability of the situation.
The second constraint is the same as the objective function, so your problem boils down to finding integer solutions to
.. 3x1 +5x2 = 36
There are 3 solutions. They are (x1, x2) = (12, 0), (7, 3), (2, 6)
The value of the objective function there is (obviously) 36.