Question

A long-distance phone company has a monthly fee of $7.95 and charges a rate of $0.05 per minute. Another long-distance company has a monthly fee of $9.95 and charges a rate of $0.03 per minute. At how many minutes would the two companies have equal charges?

Answer 1

100 minutes

Explanation:

Let the number of minutes required for the two Billings to be equal be x.

Now we write this in an equation form.

7.95 + 0.05x = 9.95 + 0.03x

0.05x - 0.03x = 9.95 - 7.95

0.02x = 2

x = 2/0.02 = 100 minutes

At the 100th minute, the amount of Billings would be equal