Let a Represent the Amount of Money Paul Has in His

question 40

Essay

Let A represent the amount of money Paul has in his pocket. Paul and his girl friend go out to dinner. They spend x dollars on food, pay 8% tax on the dinner check, and leave a 15% tip (not including the tax).
(a) Write a function relating the amount of money in Paul's pocket to the amount they spend on food for dinner.
(b) If Paul has $46 in his pocket, what is the maximum amount they could spend on food for dinner?

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Definitions:

Technological Boom

A period characterized by rapid advancements and widespread adoption of new technologies, often leading to significant economic and societal changes.

US Dollar

the official currency of the United States, widely used as a standard of exchange in international markets.

Appreciate

In finance, a term used to describe an increase in the value of an asset over time. In general usage, it can also mean to recognize the worth or value of something.

Currency Devaluation

A deliberate downward adjustment of a country's currency value relative to another currency, group of currencies, or standard.