8) Suppose you bought a used car for $17,000 a few years ago, and its value has been decreasing at the rate of $1500 per year since then. Write an equation that represents the value of the car in terms of the number of years since it was bought. Make sure you clearly identify what each variable in your equation represents.

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 1E
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Answer #8 with work.
5) Suppose you bought a used car for $18,000 a few years ago, and its value has been decreasing
at the rate of $1500 per year since then. Estimate the number of years it took for the car to reach
a value of $12,750.
of
6) Suppose you bought a used car for $14,000 a few years ago, and its value has been decreasing
at the rate of $1500 per year since then. Find the slope of the line and explain what it means. In
particular, what's the significance of the sign?
7) Suppose you bought a used car for $18,000 a few years ago, and its value has been decreasing
at the rate of $2000 per year since then. Find the y intercept of the graph and explain what it
means. (Remember, the y intercept is a point, not a number.)
8) Suppose you bought a used car for $17,000 a few years ago, and its value has been decreasing
at the rate of $1500 per year since then. Write an equation that represents the value of the car in
terms of the number of years since it was bought. Make sure you clearly identify what each
variable in your equation represents.
Transcribed Image Text:5) Suppose you bought a used car for $18,000 a few years ago, and its value has been decreasing at the rate of $1500 per year since then. Estimate the number of years it took for the car to reach a value of $12,750. of 6) Suppose you bought a used car for $14,000 a few years ago, and its value has been decreasing at the rate of $1500 per year since then. Find the slope of the line and explain what it means. In particular, what's the significance of the sign? 7) Suppose you bought a used car for $18,000 a few years ago, and its value has been decreasing at the rate of $2000 per year since then. Find the y intercept of the graph and explain what it means. (Remember, the y intercept is a point, not a number.) 8) Suppose you bought a used car for $17,000 a few years ago, and its value has been decreasing at the rate of $1500 per year since then. Write an equation that represents the value of the car in terms of the number of years since it was bought. Make sure you clearly identify what each variable in your equation represents.
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