math-functions

posted by .

A car purchased for $11900 has a resale value of $2000 after 10 years. Assuming its resale value decreased linearly over these years, what was the resale value of the car after 3 years?

  • math-functions -

    two given ordered pairs:
    (0,11900)
    (10,2000)

    m = slope = (2000-11900)/ (10 - 0) =-990 per year
    so
    11900 - 3(990) = 8930

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Calculus

    After t years, the value of a car that originally cost $16,000 depreciates so that each year is is worth 3/4 of it's value for the precious year. Find a model for V(t), the value of the car after t years. Sketch a graph of the model …
  2. Advanced Functions

    he value of a new car depreciates at a rate of 12% per year. Write an equation to represent the approximate value of a car purchased for $23 000. Determine the value of the car two years after it is purchased. Approximately how many …
  3. math

    A study was conducted to investigate the relationship between the resale price, y (in hundreds of dollars), and the age, x (in years), of midsize luxury American automobiles. The equation of the line of best fit was determined below. …
  4. math

    A study was conducted to investigate the relationship between the resale price, y (in hundreds of dollars), and the age, x (in years), of midsize luxury American automobiles. The equation of the line of best fit was determined below. …
  5. math

    a car depreciates in by avalue of $1000 per year. The original value of the car is $30,000. Let V(x) be the value of the car in x years. Write the linear function that represent the value of the car in x years. what will be the value …
  6. Algebra 1

    The value of a certain new car (time = 0 years old) is $14,000. After two years (t=2), the value of the car is $9,000. A. Find the linear equation representing the car after t years. B. What is the value of the car after 5 years?
  7. Statistics

    A study was conducted to investigate the relationship between the resale price, y (in hundreds of dollars), and the age, x (in years), of midsize luxury American automobiles. The equation of the line of best fit was determined below. …
  8. maths

    a car depreciates at rate of 10%per year. the car cost £20000 new. (a) explain why the car wont be worth £16000 after 2 years (b) show that the car will be worth £16200 after 2 years and find the value of the car after 3 years (c) …
  9. Math

    diondre purchased a car for $22000. assuming the value of the car depreciates at a rate of 6% per year, approximately what will be the value of the car after 6 years
  10. Math

    A computer is purchased at 2000$. After each year, the resale value decreases by 25%. What will the resale value be after 3 years?

More Similar Questions