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A new car sells for $29,250. It straight line depreciates in 13 years. What is the slope of the straight line depreciation equation?

1 Answer

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Answer:

The slope of the straight line is -2,250

Explanation:

Given:

The cost of a new car = $29,250

It depreciates in 13 years, it means the value of the zero in 13 years.

Therefore, the value of the car decreasing which is negative.

Let's take "x" is the amount decreasing by years, which represents the slope.

29250 = -13x

Dividing by -13 both sides, we get

-13/-13 x = 29250/-13

x = -2,250

Therefore, slope of the straight line is -2,250

Hope this will helpful.

Thank you.

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