A new work truck sells for $68,000 and depreciates at $ -6,500 per year. Write a linear function of the form y=mx+b to represent the value y of the vehicle x years after purchase. Use your formula to find the value of the truck 5 years after purchase. per year.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 44CR
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Suppose the truck from question 7 retained 60% of its value every year, find the
value of the truck after 5 years. Give an explanation for the difference in the
answers to this question and question 7.
Transcribed Image Text:Suppose the truck from question 7 retained 60% of its value every year, find the value of the truck after 5 years. Give an explanation for the difference in the answers to this question and question 7.
A new work truck sells for $68,000 and depreciates at $ -6,500 per year. Write a
linear function of the form y=mx+b to represent the value y of the vehicle x years
after purchase. Use your formula to find the value of the truck 5 years after
purchase.
per year.
Transcribed Image Text:A new work truck sells for $68,000 and depreciates at $ -6,500 per year. Write a linear function of the form y=mx+b to represent the value y of the vehicle x years after purchase. Use your formula to find the value of the truck 5 years after purchase. per year.
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