Setting up Equations - Math

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Question

The monthly cost to insure your cars varies directly with the number of cars you own. Right now, you are paying $420 per month to insure 3 cars, but you plan to get 2 more cars, so that you will own 5 cars. How much does it cost to insure 5 cars monthly?

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Answer

The statement, 'The monthly costly to insure your cars varies directly with the number of cars you own' can be mathematically expressed as . M is the monthly cost, C is the number of cars owned, and k is the constant of variation.

Given that it costs $420 a month to insure 3 cars, we can find the k-value.

Divide both sides by 3.

Now, we have the mathematical relationship.

Finding how much it costs to insure 5 cars can be found by substituting 5 for C and solving for M.

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