Thursday

December 18, 2014

December 18, 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**

Algebra 1 - The value of a certain new car (time = 0 years old) is $14,000. ...

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

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

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

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

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...

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

Algebra I - Please show me how to solve: The value of a $20,000 car decreases ...