turning 18 in 3 months and his parents are planning to purchase him a yacht for his 18th
birthday. According to state law, however, if he owns a yacht, he must pay a
tax. The yacht
tax is based on the cost of the yacht. Suppose his parents were planning to buy his a $3,685,000 yacht that has a tax of $ 1,547,700 every year.
a)Find a mathematical model that gives the
amount of yacht
tax y in terms of the cost x of the yacht.
y=*x (round your answer to the nearest
b)Suppose that, due to economic deflation, Johnnys parents can
afford a yacht priced more than $3,685,000 and decide to buy a more
expensive yacht. They buy him a yacht for $4,556,000; what is the yacht tax on a $4,556,000 yacht?
$ (round your answer to the nearest whole