Answer: Straight piecework plan
Step-by-step explanation:
The Straight piecework plan is a type of incentive system in which the rate per unit output is constant and fixed at a specific value. And the total earnings of a worker is calculated by multiplying the value of its total output by the rate per unit output.
In the case above the rate per unit invoice processed is fixed, so employees are paid based on the number of invoice processed per hour which makes it a Straight piecework plan system.
The solution to this system is (x, y) = (8, -22).
The y-values get closer together by 2 units for each 2-unit increase in x. The difference at x=2 is 6, so we expect the difference in y-values to be zero when we increase x by 6 (from 2 to 8).
You can extend each table after the same pattern.
In table 1, x-values increase by 2 and y-values decrease by 8.
In table 2, x-values increase by 2 and y-values decrease by 6.
The attachment shows the tables extended to x=10. We note that the y-values are the same (-22) for x=8 (as we predicted above). That means the solution is ...
... (x, y) = (8, -22)
The formula for getting the accumulated amount(compounded) is;
A =P(1+r%)∧n
Where A = Acumulated amount
P = principle (deposit)
r = interest rate and
n = period
Since the interst is compounded quartly,
period = (5×4)-3 = 17
A = 7100(1+2.8/100)∧17
= 7100×1.028∧17
= 11,353.80
The money she will end up earning in interest on the cd = $11,353.80
