A student decides to finance a used car over a 5-yr (60-month) period. After making a down payment of $2000, the remaining cost of the car including tax and interest is $14,820. The amount owed y = A ( t ) (in $) is given by A ( t ) = 14.820 − 247 t , where t is the number of months after purchase and 0 ≤ t ≤ 60 . Determine the t -intercept and y -intercept and interpret their meanings in context.
A student decides to finance a used car over a 5-yr (60-month) period. After making a down payment of $2000, the remaining cost of the car including tax and interest is $14,820. The amount owed y = A ( t ) (in $) is given by A ( t ) = 14.820 − 247 t , where t is the number of months after purchase and 0 ≤ t ≤ 60 . Determine the t -intercept and y -intercept and interpret their meanings in context.
Solution Summary: The author explains the t and y intercepts for the given function and their interpretation.
A student decides to finance a used car over a 5-yr (60-month) period. After making a down payment of $2000, the remaining cost of the car including tax and interest is $14,820. The amount owed
y
=
A
(
t
)
(in $) is given by
A
(
t
)
=
14.820
−
247
t
, where t is the number of months after purchase and
0
≤
t
≤
60
. Determine the t-intercept and y-intercept and interpret their meanings in context.
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Linear Equation | Solving Linear Equations | What is Linear Equation in one variable ?; Author: Najam Academy;https://www.youtube.com/watch?v=tHm3X_Ta_iE;License: Standard YouTube License, CC-BY