Tuesday

September 2, 2014

September 2, 2014

Posted by **Steveo** on Tuesday, February 11, 2014 at 6:24pm.

a. How much is the car depreciating each year?

b. What was the purchase price of the car?

c. If the car continues this rate of depreciation, what will its value be at year 10?

- Algebra -
**Damon**, Tuesday, February 11, 2014 at 6:40pmvalue = v

purchase price = p

v = p - k t

24,000 = p - 3 k

19,000 = p - 5 k

------------------ subtract

5,000 = 2 k

k = 2,500 per year (part a)

24,000 = p - 7,500

p = 31,500

v(10) = 31,500 - 25,000 = 6,500

**Answer this Question**

**Related Questions**

math - you purchase an suv for $26,000. A year later the car is worth only $24,...

math - a car depreciates in by avalue of $1000 per year. The original value of ...

math - The value of a car decreases at a constant rate as it grows older. When ...

algebra - a new car costs $13,000 and is depreciating by $900 each year..how ...

Math - The depreciation rate, r, for a $50,000 news car is given by the function...

Math..urgent.pls help!:( - A Volkswagon Beetle convertible sedan is worth $16,...

Advanced Functions - he value of a new car depreciates at a rate of 12% per year...

Calculus - After t years, the value of a car that originally cost $16,000 ...

accounting - James, Inc. discovered that equipment purchased three years ago for...

algebra 2 ap - Jason uses his car for his job. He is allowed to depreciate the ...