Cash Reserves A corporation receives payment for a large contract on July 1, bringing its cash reserves to $2.3 million. Let y denote its cash reserves (in millions) t days after July 1. The corporation’s accountants estimate that y and t will be related by the equation y = 2.3 − .15 t . a. Graph the equation y = 2.3 − .15 t . b. How much cash does the corporation have on the morning of July 16? c. Determine the y -intercept of the graph. Explain its significance. d. Determine the t -intercept of the graph. Explain its significance. e. Determine the cash reserves on July 4. f. When will the cash reserves be $.8 million?
Cash Reserves A corporation receives payment for a large contract on July 1, bringing its cash reserves to $2.3 million. Let y denote its cash reserves (in millions) t days after July 1. The corporation’s accountants estimate that y and t will be related by the equation y = 2.3 − .15 t . a. Graph the equation y = 2.3 − .15 t . b. How much cash does the corporation have on the morning of July 16? c. Determine the y -intercept of the graph. Explain its significance. d. Determine the t -intercept of the graph. Explain its significance. e. Determine the cash reserves on July 4. f. When will the cash reserves be $.8 million?
Solution Summary: The author illustrates the graph of the equation y=2.3-0.15t.
Cash Reserves A corporation receives payment for a large contract on July 1, bringing its cash reserves to $2.3 million. Let y denote its cash reserves (in millions) t days after July 1. The corporation’s accountants estimate that y and t will be related by the equation
y
=
2.3
−
.15
t
.
a. Graph the equation
y
=
2.3
−
.15
t
.
b. How much cash does the corporation have on the morning of July 16?
c. Determine the y-intercept of the graph. Explain its significance.
d. Determine the t-intercept of the graph. Explain its significance.
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