Purchase Solution

Word problem

Not what you're looking for?

Ask Custom Question

The word problem below was given to me to answer but I am stumped!

#1,2,3 and 4 (below) were given to me as possible answers but I can't seem to make one fit? Can someone help?
A project that will cost $750,000 will require payments as certain milestones are met. The initial payment is $50,000. When 30% of the work is complete an additional payment of $200,000 is due. When 70% of the work is complete another payment of $300,000 is due. Upon completion of the project the balance is due. The closest linear equation to approximate the payment schedule (where y= amount paid in thousands of dollars, and x=% complete) is:

1. 750 X-Y=0
2. 750 X-Y = -50
3. 600 X-Y= -100
4. B=0

Please elaborate if you can come to the best conclusion.

Purchase this Solution

Solution Summary

The solution comes up with a conclusion that uses the closest linear equation to approximate the payment schedule.

Purchase this Solution


Free BrainMass Quizzes
Geometry - Real Life Application Problems

Understanding of how geometry applies to in real-world contexts

Solving quadratic inequalities

This quiz test you on how well you are familiar with solving quadratic inequalities.

Multiplying Complex Numbers

This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.

Exponential Expressions

In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.

Graphs and Functions

This quiz helps you easily identify a function and test your understanding of ranges, domains , function inverses and transformations.