An Open Rectangular Box Having a Volume of 62

question 91

Short Answer

An open rectangular box having a volume of 62.5in³ is to be constructed from a tin sheet. Find the dimensions of such a box if the amount of material used in its construction is to be minimal.
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Definitions:

Nominal Rate

The interest rate stated on a financial product or agreement without adjusting for inflation or compounding interest effects.

Compounded Quarterly

The process of calculating interest on the initial amount and any accumulated interest every three months.

Inflation Rate

The pace at which prices for goods and services ascend overall, causing the buying power to decrease.

Compounded Monthly

An interest calculation method where interest earned is added to the principal balance every month, increasing the amount of future interest accrued.