You are given the dollar value of a product in 2013 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 year t. (Let t = 13 represent 2013.)

Question

2013 Value Rate
$2600 $145 decrease per year

What is V(t)

Answer 1

V(t) = 2600 - 145(t-13)