A retailer receives a shipment of 12000 soybeans that will be used at a constant rate of 300 pounds per week. If the cost of storing the soybeans is 0.2 cents per pound per week, how much will the retailer have to pay in storage costs over the next 40 weeks?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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A retailer receives a shipment of 12000 soybeans that will be used at a constant rate of 300 pounds per week. If the cost of storing the soybeans is 0.2 cents per pound per week, how much will the retailer have to pay in storage costs over the next 40 weeks?

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