Math Problem Statement

Steph purchases a new laptop. To pay for the laptop, he will make a one-time down payment and then monthly payments of $25 $ 25 $25each month. The linear relationship between the total amount he has paid, y 𝑦 y, and the number of months since his purchase, x 𝑥 x, is shown on the graph.  a. The point (9,365) ( 9 , 365 ) (9,365)is identified on the graph. Explain the meaning of this point in the context of the problem. b. Write an equation for the linear relationship. c. If the laptop costs $540 $ 540 $540, how many months will it take for Steph to pay off the laptop?

Solution

Let's go through each part of the problem step-by-step.

Part (a): Explain the Meaning of the Point (9, 365)

The point (9,365)(9, 365) on the graph represents a key relationship between the number of months and the total amount paid towards the laptop. Here's what the coordinates mean:

  • 99 represents the number of months after the purchase.
  • 365365 represents the total amount Steph has paid after 9 months.

Thus, the point (9,365)(9, 365) means that 9 months after purchasing the laptop, Steph has paid a total of $365.

Part (b): Write an Equation for the Linear Relationship

The linear relationship between the total amount paid (yy) and the number of months since purchase (xx) follows the standard equation of a line:

y=mx+by = mx + b

Where:

  • yy is the total amount paid after xx months,
  • mm is the slope (which represents the monthly payment),
  • bb is the yy-intercept (which represents the initial payment or down payment).

Step 1: Find the Slope (mm)

The slope mm represents the change in the total amount paid per month. In this case, Steph makes a monthly payment of $25, so the slope is:

m=25m = 25

Step 2: Find the yy-intercept (bb)

To find the yy-intercept, we can use the point (9,365)(9, 365) (since it lies on the line) and substitute the values of x=9x = 9 and y=365y = 365 into the equation:

y=mx+by = mx + b

Substitute m=25m = 25, x=9x = 9, and y=365y = 365:

365=25(9)+b365 = 25(9) + b

Simplify:

365=225+b365 = 225 + b

Solve for bb:

b=365225=140b = 365 - 225 = 140

So, the yy-intercept is b=140b = 140, meaning Steph made an initial down payment of $140.

Step 3: Write the Equation

Now that we have both the slope (m=25m = 25) and the yy-intercept (b=140b = 140), the equation of the linear relationship is:

y=25x+140y = 25x + 140

This equation represents the total amount paid (yy) after xx months.

Part (c): How Many Months Will It Take for Steph to Pay Off the Laptop?

The laptop costs $540, and we need to determine how many months it will take for Steph to pay off the laptop, meaning the total amount paid y=540y = 540.

Substitute y=540y = 540 into the equation:

540=25x+140540 = 25x + 140

Solve for xx:

540140=25x540 - 140 = 25x

400=25x400 = 25x

x=40025=16x = \frac{400}{25} = 16

Thus, it will take Steph 16 months to pay off the laptop.

Summary

  • Part (a): The point (9,365)(9, 365) means that 9 months after purchasing the laptop, Steph has paid a total of $365.
  • Part (b): The equation for the linear relationship is y=25x+140y = 25x + 140.
  • Part (c): It will take Steph 16 months to pay off the laptop.

Would you like more details or have any questions? Here are some related questions for further exploration:

  1. How much has Steph paid after 12 months?
  2. What is the total amount paid after 24 months?
  3. If the laptop cost $600, how many months would it take to pay it off?
  4. How would the equation change if Steph made monthly payments of $30 instead of $25?
  5. How can we represent this payment plan graphically, and what would the slope and intercepts signify?

Tip: Linear equations like this one are perfect for modeling consistent payments or growth over time. Understanding how to interpret slope and intercept helps in solving real-life financial problems.

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Math Problem Analysis

Mathematical Concepts

Algebra
Linear Equations
Graph Interpretation

Formulas

y = mx + b

Theorems

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Suitable Grade Level

Grades 6-8