Question

Julia needs to lease out a music studio to record her new album. The studio charges an initial studio-use fee plus an hourly fee for each hour in the studio. The total amount of money Julia would have to pay to use the studio for t hours can be determined using the equation P= 500 + 250t. What is the y-intercept of the equation and what is its interpretation in the context of the problem?

Answer 1

To find the y -intercept. simply put t=o and solve for p

That is;

P = 500 + 250t

P= 500 + 250(0)

p = 500

500 is the initial studio-use fee