You are given the dollar value of a product in 2015 and the rate at which the value of the product is expected to change during the next 5 years. Write a linear equation that gives the dollar value V of the product in terms of the year t. (Let t = 15 represent 2015.)
You are given the dollar value of a product in 2015 and the rate at which the value of the product is expected to change during the next 5 years. Write a linear equation that gives the dollar value V of the product in terms of the year t. (Let t = 15 represent 2015.)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 18SGR
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You are given the dollar value of a product in 2015 and the rate at which the value of the product is expected to change during the next 5 years. Write a linear equation that gives the dollar value V of the product in terms of the year t. (Let t = 15 represent 2015.)
2015 Value | Rate | |
$260,000 | $5200 decrease per year |
Expert Solution
Step 1
Value in 2015 : $2,60,000
Year 2015 will be said as t1= 15
Decease per year which will be slope m = -5200
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