You are given the dollar value of a product in 2016 and the rate at which the value of the product is expected to change during the next 5 years. Use this information to write a linear equation that gives the dollar value V of the product in terms of the terms of year t. (Let t=16 represent 2016)

Complete Question

You are given the dollar value of a product in 2016 and the rate at which the value of the product is expected to change during the next 5 years. Use this information to write a linear equation that gives the dollar value V of the product in terms of the terms of year t. (Let t=16 represent 2016)

2016 Value     Rate

$2150           $250 increase per year

The  equation is  

Step-by-step explanation:

Generally linear equation is represented mathematically as follows

Where  y is the dependent variable which in this case is  dollar value of a product (V(t))

   x is the independent variable which in this case is the time in years(t)

  m is the slope which in this case is the  rate at which the value of the product is expected to change during the next 5 years

So  

When  t =  16  years

=>      

So the linear equation is