Task3 a. If the demand function for a company is given by the equation 𝑝 = −17𝑞 + 1613, and the supply
Posted: Tue Nov 23, 2021 9:04 am
Task3
a. If the demand function for a company is given by the equation
𝑝 = −17𝑞 + 1613, and the supply function is given by the equation
𝑞 = 563 − 𝑝.Find the equilibrium point .
b. Mr. Jasim is planning to buy a house. He wants to invest 253𝑅.𝑂 now and hopes to have double that money to spend on the house when he buys it. How long would he take if his investment is worth 20% compounded monthly?
c. If you plan to put your graduation money into an account and leave it for 20 years while you go to college. If you receive 313𝑅.𝑂 in graduation money that you put it into an account that earn 20 % interest compounded semiannually. How much will be in your account at the end of each year?
a. If the demand function for a company is given by the equation
𝑝 = −17𝑞 + 1613, and the supply function is given by the equation
𝑞 = 563 − 𝑝.Find the equilibrium point .
b. Mr. Jasim is planning to buy a house. He wants to invest 253𝑅.𝑂 now and hopes to have double that money to spend on the house when he buys it. How long would he take if his investment is worth 20% compounded monthly?
c. If you plan to put your graduation money into an account and leave it for 20 years while you go to college. If you receive 313𝑅.𝑂 in graduation money that you put it into an account that earn 20 % interest compounded semiannually. How much will be in your account at the end of each year?