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Question

The following situation can be modeled by linear functions. In the following case, draw a graph of the function and use the graph to answer the given question. Be sure you clearly identify the independent and dependent variables. Then briefly discuss whether a linear model is reasonable for the situation described. The cost of a particular private school includes a one-time initiation fee of $2000\$ 2000, plus annual tuition of $10,000\$ 10,000. How much will it cost to attend this school for 66 years?

Solution

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Answered 2 years ago
Answered 2 years ago
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We can conclude that the annual tuition fee is the slope of the function and the initiation fee is the yy-intercept of the function. The equation for the given model would be

c=10,000t+2,000c=10,000\cdot t+2,000

where cc is the total cost of attending the school which is a dependent variable and tt is the time in years which is an independent variable.

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