Answered

Week 6: Using Slope
Due Sunday by 11:59 PM
Points: 10
Submitting: An external tool

Question:
Bob is spending money at a constant rate. Suppose he initially has [tex]$1000, and after 8 months, he has $[/tex]200.
Express the rate at which Bob's amount of money is changing.

Provide your answer below:
_____ per month



Answer :

GinnyAnswer
To determine the rate at which Bob's amount of money is changing per month, we need to follow these steps:

1. Identify the initial amount of money Bob has and the final amount of money he has after a certain period.
- Initial amount = [tex]$1000 - Final amount = $[/tex]200

2. Determine the time period over which this change occurs.
- Time period = 8 months

3. Calculate the total amount of money Bob has spent during these 8 months.
- Total money spent = Initial amount - Final amount
- Total money spent = [tex]$1000 - $[/tex]200 = [tex]$800 4. Find the rate of spending per month by dividing the total money spent by the number of months. - Rate of spending per month = Total money spent / Time period - Rate of spending per month = $[/tex]800 / 8 months = [tex]$100 per month Thus, the rate at which Bob's amount of money is changing is $[/tex]100 per month.