You Are Tearing Down a Building and Find $1 in Change

question 147

Multiple Choice

You are tearing down a building and find $1 in change that someone lost when working on the building 140 years ago. If, instead of being careless with the $1 in change, this person had deposited it into a bank and earned 2 percent interest every year for 140 years, how much would be in the account today according to the rule of 70?

• A)$4
• B)$8
• C)$16
• D)$32

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Definitions:

Integer Models

Mathematical models that involve decision variables restricted to integer values, commonly used in optimization for solving problems in areas such as scheduling and resource allocation.

Solver

A software tool that finds the optimal solution to a mathematical problem by varying multiple inputs within certain constraints.

Discontinuous

Refers to a function or process that exhibits breaks, jumps, or gaps in its domain or range.

Integer Linear Optimization Models

Mathematical models used in operations research that seek to maximize or minimize a linear objective function subject to a set of linear constraints and integer variables.