Final answer:
To find the inverse function of John's spending limit function, we solve for y in terms of x and then substitute $60,000 as the spending limit into the inverse function to find that John's monthly income is $30,000.
Step-by-step explanation:
The question asks to find the inverse function of f(x) = 15000 + 1.5x and to determine John's monthly income if his spending limit on his credit card is $60,000. To find the inverse function, we solve for x in terms of y, with y = f(x):
- Replace f(x) with y: y = 15000 + 1.5x.
- Swap x and y: x = 15000 + 1.5y.
- Solve for y: y = (x - 15000) / 1.5.
The inverse function is f-1(x) = (x - 15000) / 1.5. In the inverse function, the variable x represents John's spending limit on the credit card.
If John's spending limit is $60,000, we substitute this value into the inverse function to find his monthly income:
y = (60000 - 15000) / 1.5 = 45000 / 1.5 = 30000
Therefore, John's monthly income is $30,000.