The Vector Gives the Number of Units of Two

question 40

Multiple Choice

The vector gives the number of units of two models of laptops produced by a company. The vector gives the prices (in dollars) of the two models of laptops, respectively. Identify the vector operation used to increase revenue by 5%.

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Definitions:

Interest Rates

The percentage of a sum of money charged for its use or paid to investors over a period.

T-Bill

Short for Treasury Bill, a short-term government security issued at a discount from the par value and paying no interest before maturity.

Simple Interest

A method of calculating interest where the calculation is based only on the original amount of money invested or borrowed, excluding the effect of compounding.

Profit

The financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.