Writing a Linear Equation

Question

You are given the 2012 value of a product and the rate at which the value 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 year.

(Let t=12 represent 2012).
2012 Value Rate
$ 156 $4.50 increase per year

Answer 1

2012 value
$156

Rate
$4.50 increase per year