Question 299074: I have been asked to analyze the cost of renting space for a team of programmers, graphic artists, and mathematicians to develop new slot machines. The cost, C (in dollars), of renting the office space is given by the function C(x) = 0.95x + 350, where x is the number of hours the building has been rented. Answer the following questions, and be sure to show work on the steps for calculating:
What is the cost to rent the building for 400 hours?
If the cost of renting the building is $1,000, how many hours was the building rented?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! The cost, C (in dollars), of renting the office space is given by the function
C(x) = 0.95x + 350, where x is the number of hours the building has been rented. Answer the following questions, and be sure to show work on the steps for calculating:
What is the cost to rent the building for 400 hours?
If the cost of renting the building is $1,000, how many hours was the building rented?
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C(x) = 0.95x + 350
C(400) = 0.95(400) + 350
C(400) = $730 (Cost to rent for 400 hours)
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1000 = 0.95x + 350
0.95x = 650
x = 681.24 hours (hours it was rented)
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Cheers,
Stan H.
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