Suppose Jillian will spend $250 on books per year, even if her income is zero. As her income rises, she will spend 8% of each additional dollar of income on books. Choose the correct mathematical equation that describes the functional relation between her spending on books (B) and her income (Y).

A). Y = 250 + 0.8B
B). B = 250 + 0.8Y
C). Y = 250 - 0.8B
D). B = 0.8 + 250Y
E). B = 250 + 0.8Y

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Answer Spend on Book B ... View the full answer