math

Suppose you buy a brand new car for $25,000. The car's value depreciates each year by $2,000. How much is the car worth after 1 year? How much is the car worth after 2 years? Write a slope intercept equation that expresses the value of the car related to its age. Use x to represent the age of the car.

  1. 👍 0
  2. 👎 1
  3. 👁 252
  1. 1 year 25000 - 1*2000 = 23000
    2 years 25000 - 2*2000 = 21000
    v = -2000 x + 25000

    1. 👍 0
    2. 👎 1
    👨‍🏫
    Damon

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math (Pre-Cal) (Exponential Functions)

    A car was valued at $38,000 in the year 2003. The value depreciated to $11,000 by the year 2009. Assume that the car value continues to drop by the same percentage. -What will the value be in the year 2013?

  2. Math

    A car depreciated (decreased in value) by 25% during the first year. If the car were purchased for $28,000, what is the car worth at the end of the first year?

  3. algebra

    A car cost $25,750.00 and depreciates in 20% per year how much will the car be worth in 5 years

  4. Business Math

    Nancy would like to accumulate $10,000 by the end of 3 years from now to buy a used car from her friend,Jin. She has $2,500 now and would like to save equal annual end of year deposits to pay for the car. Calculate how much should

  1. Math

    Kevin is trying to determine whether to lease or purchase a car. The purchase price is $42,000 and he has been approved for a 4- year loan with a 5.75% interest rate. He assumes the car's value will depreciate 8% each year, and he

  2. Math

    The value of a car after it is purchased depreciates according to the formula v(n)=28000(0.875)^n where v(n) is the car's value in the nth year since it was purchased. How much value does it lose in its fifth year? The answer is

  3. math

    In a study of the domestic market share of the three major automobile manufacturers A, B, and C in a certain country, it was found that their current market shares were 60%, 30%, and 10%, respectively. Furthermore, it was found

  4. Sat Math

    Gary learned that the value of his car depreciates by 15% per year. Which of the following functions best describes the value of his car the year after the car is worth m dollars? A. f(m) = 0.15m B. f(m) = 0.85m C. f(m) = 1 -

  1. math

    The value of a new car decreases exponentially.Suppose your mother buys a new car for 22,000. The value of the car decreases by 20% each year. a.what is the initial price of the car. The decay factor. b. write an equation to model

  2. math

    Barbara knows that she will need to buy a new car in 3 years. The car will cost $15,000 by then. How much should she invest now at 8%, compounded quarterly, so that she will have enough to buy a new car?

  3. math

    Magnus purchased a car for $35,865. It depreciates about 3.6% each year. What is the value of the car after ten years?

  4. math

    Barbara knows that she will need to buy a new car in 4 years. The car will cost $15,000 by then. How much should she invest now at 10%, compounded quarterly, so that she will have enough to buy a new car? Round to the nearest

You can view more similar questions or ask a new question.