Suppose you bought a Honda Civic in 2005 for $23,000. In 2007, it was worth $18,000. Assume that the rate at which the car depreciates is constant (a) Find the rate of change of the value of the car $-2500 per year (b) Complete the following table. Value, V (dollars) Year 23000 2005 18000 2007 15500 2008 2009 13000 10500 2010 (c) Find an equation for the value in terms of the year. (Align the data so that 2005 is year y 0.) V(y) 2500y + 23000 dollars (d) How much will the value of the car change during a 1-month period? Round your answer to the nearest dollar.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 105E
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Suppose you bought a Honda Civic in 2005 for $23,000. In 2007, it was worth $18,000. Assume that the rate at which the car depreciates is constant
(a) Find the rate of change of the value of the car
$-2500
per year
(b) Complete the following table.
Value, V
(dollars)
Year
23000
2005
18000
2007
15500
2008
2009
13000
10500
2010
(c) Find an equation for the value in terms of the year. (Align the data so that 2005 is year y 0.)
V(y) 2500y + 23000
dollars
(d) How much will the value of the car change during a 1-month period? Round your answer to the nearest dollar.
Transcribed Image Text:Suppose you bought a Honda Civic in 2005 for $23,000. In 2007, it was worth $18,000. Assume that the rate at which the car depreciates is constant (a) Find the rate of change of the value of the car $-2500 per year (b) Complete the following table. Value, V (dollars) Year 23000 2005 18000 2007 15500 2008 2009 13000 10500 2010 (c) Find an equation for the value in terms of the year. (Align the data so that 2005 is year y 0.) V(y) 2500y + 23000 dollars (d) How much will the value of the car change during a 1-month period? Round your answer to the nearest dollar.
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