Question

After it is purchased, the value of a new car decreases $4000 each year. after 3 years, the car is worth $18,000.

a. write an equation that represents the value vv (in dollars) of the car xx years after it is purchased. equation: vv =
b. what was the original value of the car? original value: $

Answer 1

After x years the value (V) is:

Original - 4000x

so, after 3 years we have:

Original - 12000 = 18000

b: Original = $30,000