Question

23.Find the constant rate of change in the value of Car A and in the value of Car B after theinitial depreciation.24.Based on the data in the table and the constant rate of changes for each vehicle, write anequation to predict the value of Car A and Car B at the end of t years

Answer 1

For Car A:

Initial depreciation = 30000(0.25)

= 7500

Cost = 30000 - 7500

= $22500

Equation = Cost = $22500 - 2000t This is the equation for Car A

For Car B

Initial depreciation = 25000(0.1)

= 2500

Cost = 25000 - 2500 = 22500

Equation Cost = 22500 - 1500t This is the equation for Car B