Answer:
let "y" be the payment in dollars
let "x" be the number of months
y = 33x + 100
Payment in 5 months: $265
Step-by-step explanation:
The equation can be written as a linear equation in slope-intercept form, y = mx + b.
"x" and "y" are points on the line.
"m" is the slope, or rate of change dependent on "x".
"b" is the y-intercept, or initial value, or initial fee in this case.
b = 100 because "initial fee of $100" means you only pay the amount one time.
m = 33 because "$33 per month", which shows it is a rate of increase. The number of months will increase as time passes.
<u>State your variables</u> in the algebraic equation.
let "y" be the payment in dollars
let "x" be the number of months
Substitute b=100 and m=33 into y=mx + b
y = 33x + 100 <= algebraic equation
Since 'x' is the number of months, to find the amount you will pay in 5 months, substitute 'x' with 5.
y = 33x + 100
y = 33(5) + 100 Multiply 33 and 5 first
y = 165 + 100 Add
y = 265 Amount paid in 5 months
Therefore you will pay $265 in 5 months.