The students at a local art school are excited about the community beautifying project that they are sponsoring at the neighborhood park. The supplies for the project cost the art school $1,500. The students decide to have a fundraiser selling caricatures at the community carnival. For every 5 caricatures sold, it costs the students $3.00 for supplies. The students decide to sell the caricatures for $15.00 each. Based on this information, complete the tables and answer the questions.
Write an explicit formula for the caricatures sold in the first hour. In complete sentences, explain how you derived the explicit formula.
Write an explicit formula for the number of caricatures sold during the second hour. In complete sentences, explain how you derived the explicit formula.
Did the art students make enough money in the first two hours of the carnival to pay for the supplies that they need to beautify the local park? Make sure to take into consideration the cost of creating the caricatures while making your calculations.