Question

Desmond wants to sell his car that he paid $8,000 for 2 years ago. The car depreciated, or decreased in value, at a constant rate each month over a 2-year period. If x represents the monthly depreciation amount, which expression shows how much Desmond can sell his car for today?

Answer 1

Answer:
8,000 - 24x
Explanation:
Let
y ----> depreciated value of the car
x---> rate of depreciation
t ----> the time in months
we know that
The linear equation that represent this situation is
y=8,000-xt
For
t=2 years=2*12=24 months
substitute
y=8,,000-x(24)
y=8,000-24x