Question

The current value of a car is given by y = -2000x + 25000, where x represents the number of years after the car was first purchased and y represents the current market value of the car. Explain the significance of the slope and y-intercept of this equation.

Answer 1

The slope shows how much money the car decreases by each year. (Every year after the car was first purchased the value of it goes down by $2,000) The y-intercept tells what the starting price of the car was. ( they bought it for $25,000)

Explanation:

Algebra

y=mx+b