Math Problem Statement

The sales of a small company were ​$45 comma 000 in its fourth year of operation and ​$65 comma 000 in its sixth year. Let y represent sales in the xth year of operation. Assume that the data can be approximated by a straight line. ​(a) Find the slope of the sales​ line, and give an equation for the line in the form y equals mx plus b. ​(b) Use your answer from part​ (b) to find out how many years must pass before the sales surpass ​$120 comma 000

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Equations
Slope
Y-intercept

Formulas

Slope formula
Linear equation form: y = mx + b

Theorems

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Suitable Grade Level

Grades 9-12