I would say the answer is c
Answer:
Answers:
Rate of change = -5
Initial value = 25
Step-by-step explanation:
Each time x increases by 2 (eg from x = 1 to x = 3), the value of y drops by 10 (eg from y = 20 to y = 10)
Therefore the slope is...
slope = rise/run = (change in y)/(change in x) = -10/2 = -5
slope = -5
So each time x increases by 1, y will decrease by 5
Flip things around: each time x decreases by 1, y will increase by 5
So the pair (x,y) = (1,20) shown in row 1 of the table leads to (0,25) based on the rule above. Another way to see this is to plug m = -5, x = 1 and y = 20 into y = mx+b and solve for b to get b = 25
Total amount paid by Chris = 4000 + (22500 - 4000)(1 + 0.03)^5 = 4000 + 18500(1.03)^5 = 4000 + 21446.57 = $25446.57
Total amount paid by John = 5000 + (22500 - 5000)(1 + 0.12)^5 = 5000 + 17500(1.12)^5 = 5000 + 30840.98 = $35,840.98
John paid $10,394.41 more than Chris.
