Flip-flop sets are on sale at buy one, get one half-off. Maria and Jackie each decide to get a pair. The flip-flops are priced a
2 answers:
You might be interested in
Answer:
The equation of the line that goes through points (1,1) and (3,7) is
Step-by-step explanation:
Determine the equation of the line that goes through points (1,1) and (3,7)
We can write the equation of line in slope-intercept form where m is slope and b is y-intercept.
We need to find slope and y-intercept.
Finding Slope
Slope can be found using formula:
We have
Putting values and finding slope
We get Slope = 3
Finding y-intercept
y-intercept can be found using point (1,1) and slope m = 3
We get y-intercept b = -2
So, equation of line having slope m=3 and y-intercept b = -2 is:
The equation of the line that goes through points (1,1) and (3,7) is
The formula for depreciation is:
Where x = Initial value,
y= Amount after depreciation.
r= Rate of depreciation,
t = time (in years)
According to given problem,
x = 1040, y= 944 and t = 12 months =1 year.
So, first step is to plug in these values in the above formula, So,
944 = 1040 (1 -r)
Divide each sides by 1040.
0.907692308 =1 - r
0.907692308 - 1 = -r Subtract 1 from each sides.
-0.092307692 = -r
So, r = 0.09 or 9%.
Now plug in 0.09 in the above equation to get the depreciation equation. So,
So,
b) To find the value of the bike after 5 months,
plug in t = 5 months= 5/12 = 0.41667 years in the above equation of depreciation.
So,
y = 1040 * 0.961465659
y = 999.9242852
y = 1000 (Rounded to nearest integer).
Hence, the value of the bike after 5 months is $1000.