SOLUTION: The admission price to Wonderland Amusement Park has been increasing each year. The admission price since 2004 is given by P= 25.50 + 1.5t, where t is the number of years since 20

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: The admission price to Wonderland Amusement Park has been increasing each year. The admission price since 2004 is given by P= 25.50 + 1.5t, where t is the number of years since 20      Log On


   

Question 140815: The admission price to Wonderland Amusement Park has been increasing each year. The admission price since 2004 is given by
P= 25.50 + 1.5t, where t is the number of years since 2004
Find and discuss the meaning of the intercepts on the verticle and horizontal axes.
Answer by solver91311(24713) About Me  (Show Source):
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The vertical intercept represents the value of the function at time zero, in other words, what was the price in 2004. Find the value by substituting 0 for t. The horizontal intercept reveals the time value when the value of the function was zero, that is to say when it cost nothing to enter the park. This value has no meaning in practical terms because the reality is that the price went instantly from 0 to some value the day the park opened, and the given linear relation does not hold in that region.