-pari-
Active Member
these are the kinda questions that make me certain i'll flop the hsc. pft.
1) a fish farmer began business on 1 January 1998 with a stock of 100 000 fish. he had a contract to supply 15400 fish at a price of $10 per fish to supply 15400 fish at a price of $10 per fish to a retailer in December each year. in the period between January and the harvest in December each year the number of fish increases by 10%.
(i) find the number of fish just after the second harvest in december 1999.
answer: 88660
BUT that is after subtracting another 15400 assuming that straight after harvest he supplied to his contractor. but i didn't subtract 15400....how are you meant to know which way they meant?!
(ii) (i've tried this one a billion times) show that Fn, the number of fish just after the nth harvest is given by:
Fn = 154 000 - 54000 (1.1)^n
(iii) when will the farmer have sold all his fish, and what will be his total income? (got the first bit: approx. 11yrs - couldn't do the income bit)
(iv) each december the offers to buy the farmer's business by paying $15 per fish for his entire stock. when should the farmer sell to maximise his total income?
(i'm guessin this would involve geometrical app. of calc...?) answer: approx 7.245 years
1) a fish farmer began business on 1 January 1998 with a stock of 100 000 fish. he had a contract to supply 15400 fish at a price of $10 per fish to supply 15400 fish at a price of $10 per fish to a retailer in December each year. in the period between January and the harvest in December each year the number of fish increases by 10%.
(i) find the number of fish just after the second harvest in december 1999.
answer: 88660
BUT that is after subtracting another 15400 assuming that straight after harvest he supplied to his contractor. but i didn't subtract 15400....how are you meant to know which way they meant?!
(ii) (i've tried this one a billion times) show that Fn, the number of fish just after the nth harvest is given by:
Fn = 154 000 - 54000 (1.1)^n
(iii) when will the farmer have sold all his fish, and what will be his total income? (got the first bit: approx. 11yrs - couldn't do the income bit)
(iv) each december the offers to buy the farmer's business by paying $15 per fish for his entire stock. when should the farmer sell to maximise his total income?
(i'm guessin this would involve geometrical app. of calc...?) answer: approx 7.245 years