Question

Chuck chooses an investment plan that requires him to make a one-time investment of $10,000, and then equal monthly investments of $350 for the next 5 years. The function y = 10,000 + 350x represents the total amount in dollars Chuck will have invested, y, in relation to the number of months elapsed, x.

Answer 1

Answer:

You forgot the other part of the question, but I got you. The answers are A, C, and E.

Step-by-step explanation:

Given equation is:

y represents the total amount in dollars Chuck will have invested.

x represents the number of months elapsed.

The scheme is for 5 years or 12*5=60 months

Now, the equation is a linear equation. As 'x' increases, 'y' increases.

So, the true statements will be:

A) The function is a linear function.

C)The function is an increasing function. This is because the value of 'y' will increase with each month.

E)The function changes at a constant rate. This is correct as 350 is added to each previous value thus it increases at a constant rate.

Peace out Love!

Answer 2

Are you only solving for y? Because if you are then you would only plug in 5 for the X and simplify the answer.