Membership warehouse clubs offer shoppers low prices, along with rewards of cash back on club purchases. If the yearly fee for a warehouse club membership is $100 and the reward rate is 4% on club purchases for the year, then the linear equation y=100-0.04x models the actual yearly cost of the membership y, in dollars. Here x represents the yearly amount of club purchases, also in dollars. a) Determine the actual yearly cost of the membership if club purchases for the year are $2400 b) What amount of club purchases would reduce the actual yearly cost of the membership to $217 c) How much would a member have to spend in yearly club purchases to reduce the yearly membership cost to $0?
Membership warehouse clubs offer shoppers low prices, along with rewards of cash back on club purchases. If the yearly fee for a warehouse club membership is $100 and the reward rate is 4% on club purchases for the year, then the linear equation y=100-0.04x models the actual yearly cost of the membership y, in dollars. Here x represents the yearly amount of club purchases, also in dollars. a) Determine the actual yearly cost of the membership if club purchases for the year are $2400 b) What amount of club purchases would reduce the actual yearly cost of the membership to $217 c) How much would a member have to spend in yearly club purchases to reduce the yearly membership cost to $0?
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.1: Lines And Linear Functions
Problem 79E: Global Warming In 1990, the Intergovernmental Panel on Climate Change predicted that the average...
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