SOLUTION: The average​ profit/loss of a company​ (in thousands of​ dollars) was documented for 30 months. The 6th month showed a loss of ​$1000​, however the 24th month showed a p

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: The average​ profit/loss of a company​ (in thousands of​ dollars) was documented for 30 months. The 6th month showed a loss of ​$1000​, however the 24th month showed a p      Log On


   

Question 1148513: The average​ profit/loss of a company​ (in thousands of​ dollars) was documented for 30 months. The 6th month showed a loss of ​$1000​, however the 24th month showed a profit of ​$8000. 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 (6,-1) (24,8).
Found 2 solutions by Shin123, greenestamps:
Answer by Shin123(626) About Me  (Show Source):
You can put this solution on YOUR website!
The graph is graph%28600%2C600%2C-5%2C65%2C-4%2C45%2Cy=0.5x-4%29 The profit in the 60th month is $26,000.

Answer by greenestamps(13203) About Me  (Show Source):
You can put this solution on YOUR website!


Note to tutor Shin123....

Showing an answer to a question without showing any work is of no use to the student, assuming the student wants to learn HOW to work the problem.

And in this case you didn't even answer the question, which asked for an equation in slope-intercept form. Showing a graph of the function without showing the function, and without showing how the profit after 60 months is calculated using that function, is of no use to the student.

You clearly know how to work these problems. But the purpose of this forum is not to show the student that you know how; the purpose is for you to help the student learn how.