3. You make a $2500 investment. If the bank pays 3% simple annual
1 answer:
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Answer:
$1025
Step-by-step explanation:
We can use the 2-point form of the equation of a line to write a function that gives Justin's salary as a function of his sales.
We start with (sales, salary) = (400, 500) and (700, 575)
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The 2-point form of the equation of a line is ...
y = (y2 -y1)/(x2 -x1)(x -x1) +y1
salary = (575 -500)/(700 -400)(sales -400) +500
salary = 75/300(sales -400) +500
For sales of 2500, this will be ...
salary = (1/4)(2500 -400) +500 = (2100/4) +500 = 1025
Justin's salary after selling $2500 in merchandise is $1025.
