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White raven [17]
3 years ago
12

You saved $300 to spend over the summer. You decide to budget $50 to spend each week.

Mathematics
1 answer:
Oduvanchick [21]3 years ago
4 0

Answer:

<u>Part c) </u>

The Slope of the line is: m=-50 and represents the amount of money spent per week.

<u>Part d) </u>

The y-intercept is: c=300 and represents the maximum money we have that can be spend over the weeks (i.e. our maximum budget alowed).

Step-by-step explanation:

To solve this question we shall look at linear equations of the simplest form reading:

y = mx+c    Eqn(1).

where:

y: is our dependent variable that changes as a function of x

x: is our independent variable that 'controls' our equation of y

m: is the slope of the line

c: is our y-intercept assuming an x⇔y  relationship graph.

This means that as x changes so does y as a result.

<u>Given Information: </u>

Here we know that $300 is our Total budget and thus our maximum value (of money) we can spend, so with respect to Eqn (1) here:

c=300

The budget of $50 here denotes the slope of the line, thus how much money is spend per week, so with respect to Eqn (1) here:

m=50

So finally we have the following linear equation of:

y= - 50x + 300    Eqn(2).

Notice here our negative sign on the slope of the line. This is simply because as the weeks pass by, we spend money therefore our original total of $300 will be decreasing by $50 per week.

So with respect to Eqn(2), and different weeks thus various x values we have:

Week 1: x=1 we have y= -50 *1 + 300 = -50 +300 = 250 dollars.

Week 2: x=2 we have y= -50 *2 + 300 = -100 +300 = 200 dollars.

Thus having understood the above we can comment on the questions asked as follow:

<u>Part c) </u>

The Slope of the line is: m=-50 and represents the amount of money spent per week.

<u>Part d) </u>

The y-intercept is: c=300 and represents the maximum money we have that can be spend over the weeks (i.e. our maximum budget alowed).

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