Practice Test 2 - MATH 342
Name_
State the linear programming problem in mathematical terms, identifying the objective function and the constraints.
1) A car repair shop blends oil from two suppliers.
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Supplier I can supply at most 44 gal with 4% deterg
Section 5.1 Simple Interest and Discount
Simple Interest Formula: I=Prt
Examples: Find Simple Interest
1. P= $4902 at r=6.5% for t=11 mos/12
I=4902*0.065*11/12=$292.08
2. P= $2390 at r=8.7% from May 3 to July 28
t=May (31-3) + June 30 + July 28 = 86/365
I
Practice Test1 -MATH342
Name_
1) Use the formula P = Iekt. A bacterial culture has an initial population of 10,000. If its
population declines to 7000 in 8 hours, what will it be at the end of 10 hours?
1)
2) How long must $5300 be in a bank at 5% compoun