1) If you have a credit card debit of $17500 and you make the minimum repayment of $300 a month, how long it will take to repay credit card company? interest rate is given 19% compounded monthly.
2) Sven had made decision to make and sell the pasta. He rents the building for $600/month and pasta equibment for $300/month. Pasta cost him $0.20/pound in raw materials to make. He can make up to $300 pounds month by himself. If he exceeds this, he have to pay sister $0.25 for every extra pounds. He has plans on selling the pasta fo $1.25/pound. How much he requires to sell to make $3000/month?