Question

Sketch the plane: 2x1 = 8
A large car rental agency in 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 $12,000 and the other $14,500. If x equals the number of
type 1 car purchased and y the number of type 2 cars:
Determine the equation which states that the total amount spent on new
purchases equals $20 million
i. Rewrite the equation in slope-intercept form.
fi.
Identify the slope, y intercept and x intercept and interpret their meaning.​

Answer 1

Answer:

(a) Sketch the plane: 2x1 = 8 (b) A large car rental agency in 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 $12,000 and the other $14,500. If x equals the number of type 1 car purchased and y the number of type 2 cars: i. Determine the equation which states that the total amount spent on new purchases equals $20 million ii. Rewrite the equation in slope-intercept form. iii. Identify the slope, y intercept and x intercept and interpret their meaning.