Type the correct answer in the box. Use numerals instead of words.

Jim is a minor manufacturer. He needs to know the forecasted sales for September to formulate a plan in advance. What is his forecasted sale

using simple average method?

Month Sales ($)

January 3,000

February 3,500

March 4,000

April 4,500

May 3,000

June 3,500

4,204

August 5,000

July

The forecasted sale for Jim's firm for the month of September using the simple average method is $

Alltracenjadi

d

step-by-step explanation:

d

yes

step-by-step explanation:

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.

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