Question

RIO, AYANNES

Mr. Ingram plans to build a restaurant at an estimated cost of $400,000. The cost of the building permit is a
Function of the cost of the building. This function is shown below, where f(n) is the cost of the permit and n is the
estimated cost of the building.
f(n) = 939 + 5.29(n-100,000)
1,000
Based on this function, what is the cost of the building permit?

Answer 1

The cost of the building permit is $2,526

Explanation:

Let

n -----> the estimated cost of the building

f(n) ---> is the cost of the permit

we know that

`f(n) = 939 + 5.29(n-100,000)/1,000`

we have

`n=\$400,000`

Substitute the value of n in the function above to obtain the cost of the permit

`f(n)=939 + 5.29(400,000-100,000)/1,000`

`f(n)=939 + 5.29(300,000)/1,000`

`f(n)=\$2,526`

therefore

The cost of the building permit is $2,526