Question

A High School booster club sets up an academic scholarship that is awarded to one student each year. The formula y=2700x can be used to find the total amount y of money awarded through this scholarship after x years. What is the total amount of scholarship money paid after 12 years?

Answer 1

$32,400 after 12 years

Skills needed: Plugging into Equations

Explanation:

1) We need to understand the formula given to us:

`y=2700x`,
`y=money`,
`x=years`

After "x" years, the scholarship has funded y dollars. Whenever we are given x or y we can solve for the other variable given this equation.

2) In the problem, we are given x-value of years (12), and have to find out the y-value from that.

---> Plug in the x-value into the original equation:

->
`y=2700(12)=32400`

32400 is your answer.

Answer 2

$32,400

Explanation:

We can just replace 12 for x in the equation y = 2700x

y = 2700x

y = 2700(12)

y = 32,400

The money paid after 12 years is $32,400

-Chetan K