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Answer:
a) The daily fee is $102
The processing fee is $42
b) The maximum number of days the beach house can be rented with no more than $1,200 is (by rounding down) 11 days
Step-by-step explanation:
The data given in the table are as follows;
Number of days (t) Total cost, T (dollars)
2 246
4 450
6 654
8 858
Whereby, we have that the processing fee is P, and the daily fee is D, we can write;
Total cost, T = D × t + P
From the table, we have;
When t = 2 days and T = $246, the above equation for total cost becomes;
$246 = D × 2 + P = 2·D + P
246 = 2·D + P.....(1)
Similarly, when t = 6 days, and T = $654, we have;
$654 = D × 6 + P = 6·D + P
654 = 6·D + P.....(2)
Subtracting equation (1) from equation (2) gives;
654 - 246 = 6·D + P - (2·D + P)
408 = 4·D
D = 408/4 = 102
The daily fee, D = $102
From equation (1), we have;
246 = 2·D + P = 2 × 102 + p
p = 246 - 2 × 102 = 42
P = $42
The processing fee, P = $42
b) Given that the maximum amount available (total amount) for spending on the beach house rental = $1200, we have;
T = D × t + P
Where, D = $102 and P = $42 are constants and T = $1,200, we have;
1,200 = 102 × t + 42
t = (1200 - 42)/102 ≈ 11.35 days
Given that we can only rent the beach house for a whole number of days, the number of days the beach house can be rented is therefore, by rounding down, t = 11 days.