SOLUTION: The average profit/loss of a company (in thousands of dollars) was documented for 30 months. The 4th month showed a loss of $3000, however the 20th month showed a pr
Algebra.Com
Question 1148228: The average profit/loss of a company (in thousands of dollars) was documented for 30 months. The 4th month showed a loss of $3000, however the 20th month showed a profit of $5000. Assuming the profit/loss is linear, write the equation of the line, in slope-intercept form, that represents the profit/loss for each month x. Use this result to predict the profit/loss after 60 months.
Hint: Use the ordered pairs (4,-3) (20,5).
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Use the general point-slope formula
After 60 months, the ordered pair is ( 60, P )
25 thousand is the profit after 60 months
Here's the plot:
RELATED QUESTIONS
The average profit/loss of a company (in thousands of dollars) was documented... (answered by Boreal)
The average profit/loss of a company (in thousands of dollars) was documented... (answered by Shin123,greenestamps)
For 9 months a company lost $600/month and for the last 3 months made a profit of $1,200/ (answered by checkley79)
A marketing company had a profit of $5625.14 in January, a loss of
$4250.35 in... (answered by stanbon)
Hilary’s mother owns a manufacturing company that produces key rings. Last year, she... (answered by ikleyn)
Gemma's mother owns a manufacturing company that produces key rings. Last year, she... (answered by ikleyn,greenestamps)
The profit function for a computer company is given by P(x) = -x^2+ 25x - 24 where x is... (answered by stanbon)
The profit function for a computer company is given by P(x)=−x^2+22x−18 where (answered by jim_thompson5910,josmiceli)
The profit function for a computer company is given by P(x) = -x^2+20 x - 26 where x is... (answered by ikleyn)