Question

A company just purchased a fleet of new cars for $30,500 per car. It is estimated that value of each car will depreciate by $4500 per year. Let x be the age of the car in years, and y be the value of the car. Write an equation that estimates the value of the car as a function of its age.

Answer 1

The required equation is ,

y =
`30,500 - 4500 * x`

Explanation:

Current value of each car = $ 30,500

Each car's value depreciate by $ 4500 per year.

If x is the age of the car in years then it's value will be,

y =
`30,500 - 4500 * x` [in $]