Michael wants to buy an efficient Smart car that according to the latest EPA standards gets 33 mpg in the city and 40 mpg on the highway. The car that Michael picked out costs $16,800. His dad agreed to purchase the car if Michael would pay it off in equal monthly payments for the next 70 months. The equation y=-240x+16,800 represents the amount, y (in dollars), that Michael owes his father after x months. (a) How much does Michael owe his dad after 3 months? (b) Determine the slope of the line and interpret its meaning in the context of this problem. Part 1 of 3 How much does Michael owe his dad after 3 months? Michael owes $ after 3 months. Part 2 of 3 Determine the slope of the line. The slope is Part 3 of 3 Interpret the meaning of the slope in the context of this problem. The amount Michael owes his father (Choose one) by $ per month. X
Michael wants to buy an efficient Smart car that according to the latest EPA standards gets 33 mpg in the city and 40 mpg on the highway. The car that Michael picked out costs $16,800. His dad agreed to purchase the car if Michael would pay it off in equal monthly payments for the next 70 months. The equation y=-240x+16,800 represents the amount, y (in dollars), that Michael owes his father after x months. (a) How much does Michael owe his dad after 3 months? (b) Determine the slope of the line and interpret its meaning in the context of this problem. Part 1 of 3 How much does Michael owe his dad after 3 months? Michael owes $ after 3 months. Part 2 of 3 Determine the slope of the line. The slope is Part 3 of 3 Interpret the meaning of the slope in the context of this problem. The amount Michael owes his father (Choose one) by $ per month. X
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.7: Direct And Inverse Variation
Problem 36PS
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Transcribed Image Text:Michael wants to buy an efficient Smart car that according to the latest EPA standards gets 33 mpg in the city and 40 mpg on the highway. The car that Michael
picked out costs $16,800. His dad agreed to purchase the car if Michael would pay it off in equal monthly payments for the next 70 months. The equation
y=-240x+16,800 represents the amount, y (in dollars), that Michael owes his father after x months.
(a) How much does Michael owe his dad after 3 months?
(b) Determine the slope of the line and interpret its meaning in the context of this problem.
Part 1 of 3
How much does Michael owe his dad after 3 months?
Michael owes $ after 3 months.
Part 2 of 3
Determine the slope of the line.
The slope is
Part 3 of 3
X
Ś
The amount Michael owes his father (Choose one)
Interpret the meaning of the slope in the context of this problem.
X
by $
5
per month.
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