You putin $1.000 in an account. After 1 year, what is the account balance for both compound interest and simple interest with 5% annually? Then you decide to switch banks and you take the total from the previous bank and go to
another bank
They give you 2 options
1. option is 10% simple interest annually 525
Or
2. option is 5% compound interest annually 1347.53
After 5 years which option would you choose?

answer: .64

step-by-step explanation

set up the formula for standard deviation for this set of numbers, then simplify

step-by-step explanation:

let's assume

number of candles set =x

price of of x candles =p(x)

we are given

a candle maker prices one set of scented candles at $10 and sells an average of 200 sets each week

so, we get point as (200,10)

he finds that when he reduces the price by $1, he then sells 50 more candle sets each week

so, we can find slope

now, we can use point slope form of line

now, we can plug values

we can use point

and find b

now, we can plug it back

and we get

now, we can find revenue

we know that

revenue = price*quantity

so, we get