Question

Marvin bought a 1965 Ford Mustang for $8,000. After he purchased the car, its value increases by 5% each year. Write an equation to find y, the value of the car x years after it was purchased and use the equation to answer the following questions. If you wanted to graph the equation you wrote, what will the y-intercept be

Answer 1

8000 + 400x= y

5% of 8000 is 400 so add an additional 400 every year to find its value (y)