Question

A shipping company charges a flat rate of $3 and 1 cent for every mile traveled. What is the initial value and the rate of change?

Answer 1

initial value = 3

rate of change = 0.01

Explanation:

we can represent this as a linear equation:

y = 0.01x + 3

the initial value is the value of y when x = 0; we can find this by setting x to zero and evaluating for y, which gives us 3. Our initial value is 3.

The rate of change, of slope of this graph, is 0.01, as it is the constant multiplier of x.

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