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AmberK
Mike is saving to buy a car. He already has $500 in the bank, and he plans to save $250 each month. This relationship is represented by the equation y=250x+500, where x is the number of months and y is the total money saved. 1. Identify the slope. 2. Explain what the slope means in this problem. 3. Identify the y-intercept. 4. Explain what the y-intercept means in this problem.
First remeber that the standard from of a line is Y = Mx + C
1. M is the slope so that is 250
2. slope is a rate of change - so in this equation - he is planning to save at a rate of 250 per month
3. Y intercept are where x = 0 y = 250(0) +500 y= 500 intercept is (0, 500)
4. y intecerpt is where the lines crosses the y axis.
All about y = mx + b Total payment = monthly payment + deposit