Diane will rent a car for the weekend. She can choose one of two plans. The first plan has an initial fee of
$65
and costs an additional
$0.50
per mile driven. The second plan has no initial fee but costs
$0.60
per mile driven. How many miles would Diane need to drive for the two plans to cost the same?
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OpenStudy (anonymous):
@jim_thompson5910
jimthompson5910 (jim_thompson5910):
what are the two cost equations?
OpenStudy (anonymous):
65+0.50?
jimthompson5910 (jim_thompson5910):
close, but something is missing
OpenStudy (anonymous):
variable?
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jimthompson5910 (jim_thompson5910):
yes
jimthompson5910 (jim_thompson5910):
what variable do you want to use
OpenStudy (anonymous):
i guess m
jimthompson5910 (jim_thompson5910):
where will m go?
OpenStudy (anonymous):
hmm with 0.60?
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jimthompson5910 (jim_thompson5910):
where else?
OpenStudy (anonymous):
0.50?
jimthompson5910 (jim_thompson5910):
yep
jimthompson5910 (jim_thompson5910):
plan A costs 65 + 0.50m dollars
plan B costs 0.60m dollars
jimthompson5910 (jim_thompson5910):
set the two plans equal together
plan A = plan B
65 + 0.50m = 0.60m
m = ???
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OpenStudy (anonymous):
give me one min to figure it out
jimthompson5910 (jim_thompson5910):
ok
OpenStudy (anonymous):
is it 650?
jimthompson5910 (jim_thompson5910):
yes it is
OpenStudy (anonymous):
so 650 miles
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jimthompson5910 (jim_thompson5910):
yes
OpenStudy (anonymous):
Customers of a phone company can choose between two service plans for long distance calls. The first plan has a
$10
monthly fee and charges an additional
$0.16
for each minute of calls. The second plan has a
$16
monthly fee and charges an additional
$0.12
for each minute of calls. For how many minutes of calls will the costs of the two plans be equal?