SOLUTION: I believe this is a slope intercept type of word problem. A small business predicts its revenue growth by a straight-line method with a slope of $50,000 per year. In its fifth y

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Question 10597: I believe this is a slope intercept type of word problem.
A small business predicts its revenue growth by a straight-line method with a slope of $50,000 per year. In its fifth year, it had revenues of $330,000. Find an equation that describes the relationship between revenues, R, and the number of years, T, since it opened for business.
How do I set this up? What answer did you get?
Answer by mathmaven53(29) About Me  (Show Source):
You can put this solution on YOUR website!
We have points (T,R) on the line
R = mT + b
m = 50000
When T=5,R = 330000

50000*5 + b = 330000
b = 80000
R = 50000T + 80000