Answer: [tex]P(t)=450+50t[/tex]
Step-by-step explanation:
Given
Studio charge $50 per hour and fixed charge for initial use
For 5 hours, it charges $700
Suppose x is the fixed charge
[tex]\therefore 700=x+50\times 5\\\Rightarrow x=700-250\\\Rightarrow x=\$450[/tex]
For t hours, studio charges
[tex]\Rightarrow P(t)=450+50t[/tex]