The annual cost of owning and operating a car, C dollars, is a linear function of the distance, d kilometers, it is driven.
c = md + b
The cost is $4600 for 10 000 km and $9100 for 25 000 km.
(a) Determine the values of m and b.
(b) Write c as a function of d.
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Solution:
(a)
c = md + b
The cost is $ 4600 for 10 000 km
4600 = m (10 000) + b
10 000 m + b = 4600
b = -10 000 m + 4600 ------- (i)
The cost is $ 9100 for 25 000 km
9100 = m (25 000) + b
9100 = 25 000 m + b
25 000 m + b = 9100
b = -25 000 m + 9100 --------- (ii)
From equation (i) and (ii) we get;
-10 000 m + 4600 = -25 000 m + 9100
-10 000 m + 25 000 m = 9100 – 4600
15 000 m = 4500
m = 4500/15 000
m = 3/10
m = 0.3
Now, put the value of m = 0.3 in equation (i) we get;
b = -10 000 (0.3) + 4600
b = -3000 + 4600
b = 1600
Answer: m = 0.3 and b = 1600
(b) c = md + b
m = 0.3
b = 1600
c = 0.3d + 1600
Answer: c = 0.3d + 1600
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