Question

Ty bought a new computer for $499. This brand depreciates at a rate of 12% of the original price per year. The value y of Ty's computer, x years after he purchased it, is found using an equation in the form y = mx + b. What is the approximate value of m?​

Answer 1

the approximate value of m is -0.12, indicating that the value of Ty's computer decreases by 0.12 (or 12%) each year.

Explanation:

o express this depreciation rate as a slope in the equation y = mx + b, we need to determine how much the value changes (the "rise") for each year (the "run").

Since the value decreases by 12% per year, the slope (m) would be -12%. However, we need to express the slope as a decimal, so we divide -12% by 100 to convert it to a decimal:

m = -12% / 100 = -0.12