Question

I really need help! the dollar value of a product in 2005 is $85, and the product is expected to increase in value at a rate of $3.75 per year. write a linear equation that gives the dollar amount v of the product in terms of the year t. let t=5 represent 2005. use it to estimate the dollar value of the product in 2021.

Answer 1

The value of dollar after t years in the form of linear equation is V = 3.75(t) + 85.

According to the statement

we have to find that the linear equation that gives the dollar amount v of the product in terms of the year t.

So, For this purpose, we know that the

Linear equation is an algebraic equation of the form y=mx+b. involving only a constant and a first-order (linear) term, where m is the slope and b is the y-intercept.

From the give information:

The dollar value of a product in 2005 is $85, and the product is expected to increase in value at a rate of $3.75 per year.

Then after t years the value of dollar become V which is represented by the linear equation then

Value of dollar after t years = 85 + 3.75t

V = 3.75(t) + 85

So, The value of dollar after t years in the form of linear equation is V = 3.75(t) + 85.

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