Math Problem Statement
A phone company offers two monthly plans. Plan A costs $25 plus an additional $0.11 for each minute of calls. Plan B has no initial fee but costs $0.16 for each minute of calls. For what amount of calling do the two plans cost the same? What is the cost when the two plans cost the same?
Solution
We are given two phone plans:
- Plan A: A fixed monthly fee of $25, plus $0.11 per minute of calls.
- Plan B: No fixed fee, but it charges $0.16 per minute of calls.
We need to find:
- The number of minutes when both plans cost the same.
- The cost when both plans are equal.
Step 1: Set up the cost equations for both plans.
- Let represent the number of minutes of calling.
For Plan A, the total cost is: For Plan B, the total cost is:
Step 2: Set the two cost equations equal to find when the costs are the same.
Step 3: Solve for .
First, subtract from both sides:
Now, divide both sides by 0.05:
So, the two plans cost the same after 500 minutes.
Step 4: Find the cost when the two plans are equal.
Substitute into either equation. Using Plan B's cost equation:
Thus, the cost when both plans are equal is $80.
Let me know if you need more details or have any other questions!
Follow-up Questions:
- What if Plan B had a fixed fee too, how would you adjust the equations?
- What if Plan A charged $0.12 per minute instead of $0.11, how would that affect the solution?
- How many minutes would make Plan A cheaper than Plan B?
- If a person talks for 300 minutes, which plan would be cheaper and by how much?
- How could you graph the cost functions for these two plans to visualize the break-even point?
Tip: Comparing linear costs like these helps find "break-even" points, which can apply to a lot of financial decisions, like choosing between service plans.
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Math Problem Analysis
Mathematical Concepts
Algebra
Linear Equations
Formulas
Cost of Plan A = 25 + 0.11m
Cost of Plan B = 0.16m
Theorems
Solving linear equations by setting them equal to each other
Suitable Grade Level
Grades 8-10