A company set aside a certain amount of money in the year 2000. The company spent exactly exactly $29,000 from that fund each year on perks for its employees. In 2002, there was still $763,000 left in the fund.
Let x be the number of years since 2000, and let y be the amount of money left in the fund that year. Use a
linear equation to model the amount of money left in the fund after so many years.
a. The linear model's slope-intercept equation is y=-29000x + 821000/-
left in the fund.
b. In the year 2010, there was
the fund will be empty.
c. In the year