Mike has a loan of $36,320. This loan has a simple interest rate of 6% per year. What is the
1 answer:
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Answer:
Where y is the total amount earned, m the amount for each extended warranty and b the fixed cost and x the total amount of TVs
For this case the value of x = 16 since we have 16 Tvs with extended warranties and we can do this:
and solving for b we got:
And then we can conclude that she earns 60 for each TV
Step-by-step explanation:
For this case we can set a linear model like this:
Where y is the total amount earned, m the amount for each extended warranty and b the fixed cost and x the total amount of TVs
For this case the value of x = 16 since we have 16 Tvs with extended warranties and we can do this:
and solving for b we got:
And then we can conclude that she earns 60 for each TV