A speaker system with a price of $300 is to be purchased with an intitial payment
of $100 and weekly payments of $25. Which of the following is an equation which can be used
to find the number of weekly payments, \(w\), required to complete the purchase?
For linear equation word problems, we typically look for the initial value and rate. Since we are paying
$25 per week, slope should be 25. The initial amount is $100, which can
be considered the y-intercept. Plugging it into the slope-intercept equation gives us the answer.
$$y=mx+b$$
$$y=25x+100$$
$$\boxed{300=25w+100} $$
With a bit of mental math or arithmetic calculation, we can figure out that a weekly payment of $25 can
be extended to be a 4-week payment of $100 or a 8-week payment of $200,
which is the amount due after the initial $100 payment. The only equation which is valid when we plug in
\(w=8\) is option 3.