Answer:
y=11.83x+4.05
134.18 in 2006
Explanation:
So when he retired it was worth 4.05 dollars so we can put it in the equation:
y=4.05
For the value
However, it states "The value has increased by 11.83 each year"
Thus we can put the equation as
y=11.83x+4.05
To represent the money value increasing each year.
For question two the question is asking for how much the card cost at 2006
Since it was retired in 1995, we can subtract that with 2006
Which is 11 years
Now subsitute x with 11
11.83 times 11 is 130.13
130.13 plus 4.05 is 134.18
Hope this helps!