The variable for Time worked is represented by the letter "t" and the variable for Money Saved is represented by the letter "m".
The slope of the equation can be calculated using the formula: slope = (change in Y) / (change in X).
In this case, the change in Money Saved (Y) is $8.00 (hourly wage) and the change in Time (X) is 1 (hour).
Using the point-slope equation of a line, we can write the equation as: m = 8t + b, where b is the initial amount of money saved.
Since Mo already has $90.00 saved at time 0, we substitute m = 90 and t = 0 into the equation to solve for b.
90 = 8(0) + b
90 = b
Therefore, the slope-intercept equation that models Mo's story is:
m = 8t + 90
This equation represents the money saved as a function of time for Mo.
Task 1 Table and Equation
Mo has $90.00 already saved and has a job making $8.00 per hour.
Fill in the table of values for Mo’s financial story
Time worked in Hours
0
1
2
3
4
5
6
Money Saved in Dollars
90
98
106
114
122
130
138
Put that information together and write the slope intercept equation that models Mo’s story. Define your variables and write the function for Money Saved as a function of Time
1 answer