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Below, you are given the 2012 value of a product and the rate at which the...

Below, 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 $43,000 $2500 decrease per year STEP 1: Find the point on the line that corresponds to the information given above. (t, V) = STEP 2: Find the slope of the line. STEP 3: Use the point-slope formula to find the equation of the line. V − = t − V = , 12 ≤ t ≤ 17

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