SOLUTION: You are saving money to buy a new stereo. You have $50 already and will save an additional $30 per month. Write an equation in slope-intercept form to describe amount of savings

Question 390810: You are saving money to buy a new stereo. You have $50 already and will save an additional $30 per month.
Write an equation in slope-intercept form to describe amount of savings you have, y. Let x=number of months you have been saving.
Use your graph to figure out how much money you will have after six months. Circle the point on the graph that gave you this information.
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
You are saving money to buy a new stereo. You have $50 already and will save an additional $30 per month.
Write an equation in slope-intercept form to describe amount of savings you have, y. Let x=number of months you have been saving.
Use your graph to figure out how much money you will have after six months. Circle the point on the graph that gave you this information.
...
y = savings at the end of x months
months = x
initial amount = $50
saving per month = $30
...
y = 30x+50

The co-ordinates (6,230) shows the month & saving after 6 months
after six months you will have $230.
..
m.ananth@hotmail.ca
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