SOLUTION: Suppose that the Annual fee for a warehouse club membership is $50 and that the reward rate on club purchases for the year is 1.6%. Then the actual annual cost of membership (y), i

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Suppose that the Annual fee for a warehouse club membership is $50 and that the reward rate on club purchases for the year is 1.6%. Then the actual annual cost of membership (y), i      Log On


   

Question 1132730: Suppose that the Annual fee for a warehouse club membership is $50 and that the reward rate on club purchases for the year is 1.6%. Then the actual annual cost of membership (y), in dollars, for an amount of annual club purchases (x), in dollars, can be modeled by the following linear equation.
y= 50-0.016x
A)Determine the actual annual cost of the membership if club purchases for the year are $1500.
B) What amount of club purchases would reduce the annual cost of the membership to $0?
C) If club purchases for the year exceed $3125, how is the annual actual membership cost affected?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!


A. Substitute 1500 for and do the arithmetic.

B. Set equal to zero and solve for .

C. Substitute 3125 for and do the arithmetic.


John

My calculator said it, I believe it, that settles it