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 year t. (Let t=16 represents 2016)

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 year t. (Let t=16 represents 2016)

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

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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 year
t. (Let t = 16 represent 2016.)
2016 Value
Rate
$240
$8.50 increase per year
V(t) =

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