Answer:
The initial value is $10.45
The rate of change is [tex]m=5\ \$/month[/tex]
Step-by-step explanation:
Let
m-----> the the monthly fee
we know that
[tex]12m+10.45=70.45[/tex]
Solve for m
[tex]12m=70.45-10.45[/tex]
[tex]12m=60[/tex]
[tex]m=5\ \$/month[/tex]
Find the linear equation that represent this problem
Let
x -----> the number of months
y-----> amount Jeanne has spent monthly
The equation in slope intercept form is equal to
[tex]y=mx+b[/tex]
where
m is the slope (the monthly fee)
[tex]m=5\ \$/month[/tex]
so
[tex]y=5x+b[/tex]
Remember that
The first month, she paid the monthly fee and spent an additional $10.45
For x=1, y=5+10.45=15.45
substitute
[tex]15.45=5(1)+b[/tex]
[tex]b=15.45-5=10.45[/tex]
The equation is
[tex]y=5x+10.45[/tex]
therefore
The initial value is $10.45
The rate of change is the slope of the linear function [tex]m=5\ \$/month[/tex]