Question

The cost of renting an apartment can be modeled by the function C(m)=900m+1400, where C(m) is the cost in dollars for m months of living in the apartment. State the meaning of the slope and y-intercept of this function with respect to the costs associated with renting the apartment.

Answer 1

On the context of the problem, the slope means the total paid for every month that the apartment is rented, 900 per month in this case, while the y-intercept means the initial cost for renting the apartment, 1400 upfront in this case.

Explanation:

This function is linear, which means that it increases at a steady rate and has the following form:

`y(x) = a*x + b`

Where "a" is the slope or the rate at which "y" changes for every change in "x". While "b" is the number at which the function crosses the "y" axis.

On the context of the problem, the slope means the total paid for every month that the apartment is rented, 900 per month in this case, while the y-intercept means the initial cost for renting the apartment, 1400 upfront in this case.