Pls help ASAP. 9. You will be scheduled to work 40 hours during the first week of summer. You can choose themethod of payment from the following:Choice 1:You can be paid $18.50 per hourChoice 2:You can be paid $1.50 for the first hour, $3 for the second hour, $4.50 for thethird hour, and the pattern continues.What is your choice? Justify your answer.

To get the required answer we need to calculate the total payment in each choice.

Answered: You will be scheduled to work 40 hours…

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter14: Sequences And Mathematical Induction

Section14.3: Another Look At Problem Solving

Problem 30PS

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Suppose the chamber of commerce in Pinehurst, North Carolina decided to hold a professional golf tournament at the famous Pinehurst Country Club. They would probably be able to get a TV contract from a major network. The TV revenue would be about $4 million, and they would sell 60,000 tickets at $8 apiece. The fund for prizes would be 20% of their total revenue (TV plus tickets) rounded to the nearest $10,000. The prizes would be as follows (all prizes are rounded to the nearest dollar): First prize: 18% of the total prize money Second prize: 60% of the first prize Third prize: 65% of the second prize Fourth prize: 70% of the third prize Fifth prize: 75% of the fourth prize Sixth prize: 6% of the remaining prize money Seventh prize: $900 less than sixth prize Eighth prize: $900 less than seventh prize And so on, with each subsequent prize $900 less than the previous prize. The final prize would be whatever was left over, even if it…
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