The average value of a certain type of automobile was $13,500 in 1993 and depreciated to $7320 in 1996. Let y be the average value of the automobile in the year x, where x = 0 represents 1993. Write a linear equation that models the value of the automobile in terms of the year x.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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The average value of a certain type of automobile was $13,500 in 1993 and depreciated to $7320 in 1996. Let y be the average value of the automobile in the year x, where x = 0 represents 1993. Write a linear equation that models the value of the automobile in terms of the year x.

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