A small business buys a new computer system that costs $5,565. Every year, its value drops by $525. Write an equation in slope intercept form to represent the value of this system as a function of the number of years since it was purchased. Be sure to define your variables.
Let:
V = value of the computer system in dollars
t = time in years since the computer system was purchased
The initial value of the computer system is $5,565, and every year it decreases by $525. Therefore, the equation in slope-intercept form would be:
V = -525t + 5565