Answer :
Answer:
[tex]y = 10+ 0.50 x[/tex]
Step-by-step explanation:
Given
[tex]Initial = \$10[/tex]
[tex]Increment = \$0.50[/tex] -- yearly
Required
Represent as a function (this is the missing part of the question)
The given details show that the question illustrates linear function
i.e.
[tex]y = b + mx[/tex]
In this case, it is:
[tex]Current\ Rate = Initial + Increment * Years[/tex]
Represent the current rate with y and the years with x.
So, we have:
[tex]y = Initial + Increment * x[/tex]
Substitute 10 for Initial and 0.5 for Increment
[tex]y = 10+ 0.50 * x[/tex]
[tex]y = 10+ 0.50 x[/tex]