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 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:
- represents the number of months after the purchase.
- represents the total amount Steph has paid after 9 months.
Thus, the point 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 () and the number of months since purchase () follows the standard equation of a line:
Where:
- is the total amount paid after months,
- is the slope (which represents the monthly payment),
- is the -intercept (which represents the initial payment or down payment).
Step 1: Find the Slope ()
The slope represents the change in the total amount paid per month. In this case, Steph makes a monthly payment of $25, so the slope is:
Step 2: Find the -intercept ()
To find the -intercept, we can use the point (since it lies on the line) and substitute the values of and into the equation:
Substitute , , and :
Simplify:
Solve for :
So, the -intercept is , meaning Steph made an initial down payment of $140.
Step 3: Write the Equation
Now that we have both the slope () and the -intercept (), the equation of the linear relationship is:
This equation represents the total amount paid () after 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 .
Substitute into the equation:
Solve for :
Thus, it will take Steph 16 months to pay off the laptop.
Summary
- Part (a): The point means that 9 months after purchasing the laptop, Steph has paid a total of $365.
- Part (b): The equation for the linear relationship is .
- 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:
- How much has Steph paid after 12 months?
- What is the total amount paid after 24 months?
- If the laptop cost $600, how many months would it take to pay it off?
- How would the equation change if Steph made monthly payments of $30 instead of $25?
- 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
-
Suitable Grade Level
Grades 6-8