A contest has prize winnings that total $5,000. If each entrant pays a $20 fee, write a graph linear equation that can represent the money generated from the contest. If there are 600 entrants to the contest, how much money did they generate?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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A contest has prize winnings that total $5,000. If each entrant pays a $20 fee, write a graph linear equation that can represent the money generated from the contest. If there are 600 entrants to the contest, how much money did they generate?
Expert Solution
Step 1

The general form of a linear equation is given by y=mx+b, where m and c are constants. In this problem, the total price of winning money given to the contestant is $5,000. The entrant fee is $20.

In the first part of the problem, we have to find a linear equation, that describes the situation, then we have to plot the graph. In the second part, we have to find the money generated, if the contestant has 600 entrants. 

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