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inessss [21]
3 years ago
7

A phone company offers two monthly plans. Plan A is $26 plus and additional $.07 for each minute of calls. Plan B is $17 plus $.

12 for each minute of calls
Mathematics
1 answer:
finlep [7]3 years ago
4 0
Ok, so the starting numbers are the fixed amounts. If we think of a graph, this is the y-intercept/ starting point and the rate would continue from there. This conclusion is very important to writing a linear equation in slope-intercept form.

If you don’t remember, slope-intercept form is y=mx+b, where m is the slope and b is the y-intercept.

First, let’s make our equations.....

Plan A: y = 0.07x + 26
Plan B: y = 0.12x + 17

Now since it is not stated, I’m not sure if you need to find where the cost of both plans is equal, but that would be found by setting up a system of equations and using substitution.

y = 0.07x + 26
y = 0.12x + 17

Substitute one equation into the other...

0.07x + 26 = 0.12x + 17
- 0.05x = -9
0.05x = 9
x = 180

And there you have it! After 180 minutes [3 hours] of talking, both phone plans will have the same cost.

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Step-by-step explanation:

Let

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y ----> the amount invested in the mutual fund that earned 3%

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