Question

Enter the correct answer in the box. Do not include dollar signs.

Jamie owns a pizza shop in town, and she’s working on paying off equipment expenses. The remaining balance of $6,550 is financed and requires a monthly payment of $275. The shop is doing well, so Jamie can afford to pay an extra $300 each month to speed up paying off the balance.

Write the second equation in a system that Jamie can use to find how many months it will take her to pay off the balance.

Answer 1

Answer:

y = 575x - 6,550

We can use the slope-intercept form equation for this problem (y = mx + b).

After we add 275$ with 300$ we get our slope, and our y-intercept would be 6,550$.

So the new equation would look like y = 575x - 6,550.

Answer 2

Jamie can use to find how many months it will take her to pay off the balance is,  y = 575x - 6,550.

We can use the slope-intercept form equation for this problem

What is the slope-intercept form of the line?

The slope-intercept form of the line is  (y = mx + b).

After we add 275$ with 300$ we get our slope, and our y-intercept would be 6,550$.

Use the above value in slope-intercept form.

Therefore, the  equation by using the slope-intercept form is,

y = 575x - 6,550.

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