Math Problem Statement

The third month this year, you have $378 saved. At the tenth month this year, you have saved $560. What is your savings rate? Find the slope of the line on the graph.

Solution

Let's break down each question from the image.

Question 12: Savings Rate

You are given:

  • In the third month, you have saved $378.
  • In the tenth month, you have saved $560.

To find the monthly savings rate, we need to determine how much was saved over the 7-month period (from the third to the tenth month) and then divide by the number of months (7 months).

  1. Change in savings: 560378=182560 - 378 = 182
  2. Time period: 103=7months10 - 3 = 7 \, \text{months}
  3. Monthly savings rate: 1827=26\frac{182}{7} = 26 So, your savings rate is $26 per month.

Question 13: Slope of the Line

To calculate the slope of the line, use the slope formula: m=y2y1x2x1m = \frac{y_2 - y_1}{x_2 - x_1} From the graph, let's choose two points on the line:

  • Point 1: (2,6)(-2, -6)
  • Point 2: (4,4)(4, 4)

Now, apply the slope formula: m=4(6)4(2)=4+64+2=106=53m = \frac{4 - (-6)}{4 - (-2)} = \frac{4 + 6}{4 + 2} = \frac{10}{6} = \frac{5}{3} So, the slope is 5/3.


Would you like further clarification or details on these problems?

Here are 5 follow-up questions related to this topic:

  1. How would the savings rate change if the period extended over 12 months instead of 7?
  2. What does the slope of a line tell you in a real-life situation?
  3. How can you calculate future savings based on a constant savings rate?
  4. How does changing one of the points on a line affect its slope?
  5. Can a savings rate be negative? What would that imply?

Tip: When calculating slopes, always pick clear points where the line crosses grid intersections to ensure accuracy!

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Math Problem Analysis

Mathematical Concepts

Linear Relationships
Slope
Rate of Change

Formulas

Savings rate = (Change in savings) / (Number of months)
Slope formula: m = (y2 - y1) / (x2 - x1)

Theorems

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Suitable Grade Level

Grades 7-9