Question
Tom earns $90,804 a year and spends 40% of his salary on rent. a. How much does Tom spend on rent per year? b. If
Tom earns $90,804 a year and spends 40% of his salary on rent.
a. How much does Tom spend on rent per year?
b. If his monthly rent is increased by $151.34, what percentage of Tom's salary will be spent on rent?
c. If he wants to buy a house for $1 million and the home deposit required is 20 per cent, how much deposit is required?
d. If Tom saves 30% of his salary to put towards the home deposit, what is the minimum number of years he needs to save to achieve the deposit found in (c)?
2. Problem 2:
Growth charts are often used to monitor children's health. Suppose the average weight for a 1 year old and a 30 month old are 9.6 kilograms and 13.5 kilograms, respectively.
a. Find the equation that relates a child's weight (in kilograms) to age (in months), assuming that weight is a linear function of age from 1 year old.
b. Provide a detailed interpretation of the slope.
c. What is the estimated weight of a 3 year old child?
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