Question

A large car rental agency is preparing to purchase new cars for the coming year. The capital budget for these purchases is $20 million. Two types of cars are to be purchased, one costing $12000 and the other $16,000. If x equals the number of type 1 cars purchased and y the number of type 2 cars
a) Determine a linear equation which states that the total amount spent on new purchases equals $20 million.
b) Rewrite the equation in slope-intercept form
c) Identify the slope, y-intercept, x-intercept and interpret their meaning

Answer 1

Answer:

h

Step-by-step explanation:

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