The amount, in dollars, of the down payment
The amount, in dollars, of each fixed monthly payment
The total amount, in dollars, paid for the pizza oven after fixed monthly payments
The total number of fixed monthly payments
Explanation
Correct answer: B.
Choice B is correct. For a restaurant owner to purchase a pizza oven at a total price of dollars, a onetime down payment is required, and then fixed monthly payments are made for the remaining amount owed for the pizza oven. It’s given that the equation represents this situation, where is the number of fixed monthly payments that are made. In this equation, is a constant term, which represents the onetime down payment, in dollars, and is the coefficient of . Multiplying by gives the total amount, in dollars, paid by the fixed monthly payments. Therefore, the best interpretation of in this context is the amount, in dollars, of each fixed monthly payment.
Desmos solution:
Note: The coefficient on the monthly-payment count is the dollar amount paid for each additional monthly payment.
Enter in Desmos:
Reviewed and rewritten by CookSAT
Why the other choices are wrong
Choice A
Choice A is incorrect. This is the best interpretation of , not , in this context.
Choice C
Choice C is incorrect. This is the best interpretation of , not , in this context.
Choice D
Choice D is incorrect. This is the best interpretation of the variable , not , in this context.