George borrowed $1,895.50 for two years. The total amount he repaid was $2,189.38. How much interest did he pay for the loan?
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The linear equation to model the company's monthly expenses is y = 2.5x + 3650
<em><u>Solution:</u></em>
Let "x" be the units produced in a month
It costs ABC electronics company $2.50 per unit to produce a part used in a popular brand of desktop computers.
Cost per unit = $ 2.50
The company has monthly operating expenses of $350 for utilities and $3300 for salaries
We have to write the linear equation
The linear equation to model the company's monthly expenses in the form of:
y = mx + b
Cost per unit = $ 2.50
Monthly Expenses = $ 350 for utilities and $ 3300 for salaries
Let "y" be the total monthly expenses per month
Then,
Total expenses = Cost per unit(number of units) + Monthly Expenses
Thus the linear equation to model the company's monthly expenses is y = 2.5x + 3650