Question

A limited-edition poster increases in value each year. After 1 year, the poster is worth $20.70. After 2 years, it is worth $23.81. Which equation can be used to find the value, y, after x years? (Round money values to the nearest penny.)

Answer 1

Assuming that this is a linear relationship you must find the rate of change...$23.81-$20.70= $3.11. 3.11 is how much it changed that year. What that also gives you is how much you bought the post for at 0 years by subtracting $20.70 and the $3.11 = the price of the poster. This gives us the equation y=3.11(x)+17.59
Where Y is the value and X is the amount of years.