Neil has been running a tutoring business since 2005. He charges a monthly fee for weekly tutoring sessions and a phone help line. Each year, he has increased his fee by the same amount. The table shows what Neil charged each customer for two given years of his business:


Year Annual Tutoring Fee
2005 $1200
2008 $1350


A. What is the rate of change and initial value for Neil’s business? How do you know?
B. Write an equation in slope-intercept form to represent the fees that Neil charges each year.