Concerning overall revenues and costs the school board estim
Concerning overall revenues and costs, the school board estimates that the revenues y (in millions of dollars) from state sources will decline according to the formula 4x+12y=180, and costs y (in millions of dollars) will increase according to the formula 6y-2x=70, where x is time (in years). After how many years will the costs equal the revenues?
Solution
the revenues y (in millions of dollars) from state sources will decline according to the formula 4x+12y=180
y = 180/12 - 4x/12
costs y (in millions of dollars) will increase according to the formula 6y-2x=70, where x is time (in years)
6y = 2x +70
y = 2x/6 +70/6
how many years will the costs equal the revenues:
180/12 - 4x/12 = 2x/6 +70/6
180/2 -4x/2 = 2x +70
90 -2x = 2x +70
4x = 20
x=5
After 5 years cost equal the revenues.
