Mathematics

Applications of Equations and Solving Inequalities

Assignment

1. A person wishes to invest $20,000 in two enterprises so that the total income per year will be
$1440. One enterprise pays 6% annually. The second pays 7.5% annually. How much must be
invested in each?

2. A corn refinery produces cattle feed at a variable cost of $82 per ton. If fixed costs are $120,000
per month and the feed sells for $134 per ton, how many tons must be sold each month for the
company to have a monthly profit of $560,000?

3. A real estate firm owns apartment buildings which consist of 50 apartments. At $400 per month ,
every apartment will be rented. However, for each $20 per month, there will be 2 vacancies with
 no possibility of filling them. The firm wants to receive $20,240 per month from rents. What rent
should be charged for each apartment?

Section 1.2/1.3

4. Solve the following inequalities

i) X+2 < 𝑥

ii) 2(4x-2)>5(2x+1)

5. A company manufactures a product that has a unit selling price of $20 and a unit cost of $15. If
fixed costs are $600,000, determine the least number of units that must be sold for the company to
have a profit .