Grab Car Company Case Study - Finance Assignment Help

Assignment Task :

Q1)Grab Car company charges a RM 10 boarding rate in addition to its meter which is RM 5 for every kilometre. 

1. What is the equation of the line that represents this cab company’s rate?     

2. By using a graph paper, plot the equation above. Label your graph clearly.    

3. How much should a passenger need to pay if he travels for 200 kilometres?     

4. If Mr.Lee has RM 100 with him and his house is 25 kilometres away from his working place. Can he take this crab car to go to his working place?                    
    

Q2)A party planner has a limited budget for an upcoming event. She’ll need to figure out how much it will cost her client to rent a space and pay per person for meals. If the cost of the rental space is RM 600 and the price per person for food is RM 10, a linear equation can be constructed to show the total cost, expressed as y, for any number of people in attendance, or x. 

1. What is the linear equation would be written to show the total cost?  

2. By using a graph paper, plot the equation above. Label your graph clearly. 

3. How much does the client need to pay if an estimation of 100 people will be attending the event?

4. If the client only has a budget of RM 1,000. How many persons can the client accommodate? 

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