Example 4.9.
Delbert and Francine are buying appliances for their new home. They have a choice of two different refrigerators: a standard model that sells for $1000, or an energy-efficient model at a price of $1200. The standard model costs $6 per month to run, and the energy-efficient model costs $2 per month. Write linear equations for the total cost of each refrigerator after \(t\) months.
Solution.
Let \(S\) stand for the total cost of running the standard refrigerator for \(t\) months, so \(S=mt+b\text{.}\) The initial cost of the standard model is $1000, so \(b=1000\text{.}\) The cost increases at a rate of $6 per month, so \(m=6\text{.}\) Thus,
\begin{equation*}
S=6t+1000
\end{equation*}
Let \(E\) stand for the total cost of running the energy-efficient refrigerator. For this model, the initial cost is \(b=1200\text{,}\) and the total cost increases at a rate of \(2\) dollars per month. Thus,
\begin{equation*}
E=2t+1200
\end{equation*}