Question

The cost to attend a school is a one-time fee of $2500 and an annual costof $10,000. What is the cost of attending the school for 3 years? Show your work.

Answer 1

To answer this question, we have here a linear function with a y-intercept at $2,500.

We can rewrite the situation as follows:

`C(t)=2500+10000t`

We can see that we will pay $10,000 per year, and the results for the function are in dollars ($).

Now, the cost of attending the school for 3 years is:

`\begin{gathered} C(3)=2500+10000(3) \\ C(3)=2500+30000 \\ C(3)=32500 \end{gathered}`

Therefore, we have that the cost of attending the school for 3 years is $32,500.