Math Problem Statement

A phone company offers two monthly charge plans. In Plan A, the customer pays a monthly fee of $7.40 and then an additional 5 cents per minute of use. In Plan B, there is no monthly fee, but the customer pays 7 cents per minute of use. For what amounts of monthly phone use will Plan A cost more than Plan B? Use m for the number of minutes of phone use in a month, and solve your inequality for m.

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Inequalities
Linear Equations

Formulas

Cost of Plan A = 7.40 + 0.05m
Cost of Plan B = 0.07m
Inequality: 7.40 + 0.05m > 0.07m

Theorems

Basic principles of inequality solving

Suitable Grade Level

Grades 7-9