Question

PLEASE HELP - the straight line depreciation equation for a car is y= -2400x+36,000 a. what is the original price of the car b. how much value does the car lose per year c. how many years will it take for the car to totally depreciate

Answer 1

A) the original price of the car is $36,000

- this value does not change and is therefore an initial value

B) the car loses $2,400 in value each year

- think the "x" represents years, so each year multiplies the -2400 showing a depreciation in value

C) it takes 15 years for the car to totally depreciate

- set y equal to 0 and solve the equation