I'm assuming you have to graph a line that shows the combination of earnings.
Our equation is 14.64y + 12.20x = 219.60
We'll be solving for x and y. We'll need to substitute the variables, one at a time, to 0, in order to find their intercepts.
Let's do x first.
14.64(0) + 12.20x = 219.60
12.20x = 219.60
Divide by 12.20 on both sides.
x = 18
Now let's solve for y.
14.46y + 12.20(0) = 219.60
14.46y = 219.60
Divide both sides by 14.46.
y = 15.18
That is actually a long decmal, but since we're dealing with money, we round it down to the nearest cent.
So, now we know x = 18 and y = 15.18.
Graph those on the x coordinate plane and the y coordinate plane, and make a line connecting the two. That line represents all the solutions.
Answer:
$110.37
Step-by-step explanation:
Assuming the monthly payment is made at the beginning of the month, the formula for the monthly payment P that gives future value A will be ...
... A = P(1+r/12)((1+r/12)^(nt) -1)/(r/12) . . . . n=compoundings/year, t=years
... 14000 = P(1+.11/12)((1+.11/12)^(12·7) -1)/(.11/12)
... 14000 = P(12.11)((1+.11/12)^84 -1)/0.11 ≈ P·126.84714 . . . . fill in the given values
... P = 14000/126.84714 = 110.37 . . . . . divide by the coefficient of P
They should deposit $110.37 at the beginning of each month.
Y=-x^2 is non linear due to the x being squared
