SOLUTION: The equation V = 20,000 - 2,500t models the value of a new car and how the value depreciates (decreases in value over time) where V is the current value and t is the number of ye

Question 1159110: The equation V = 20,000 - 2,500t models the value of a new car and how the value depreciates (decreases in value over time) where V is the current value and t is the number of years that have passed
[a] Find the V and t intercepts.
[b] Describe what they represent in this situation.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
V=20000-2500t
When V=0, t=8 and that says after 8 years the value of the car will be 0.
V=$25000, and that says at 0 years, the value of the car is $20000
(8, $0) is V intercept
(0, $20000) is t-intercept
RELATED QUESTIONS
A pizza restaurant purchases new equipment for $410,000 which depreciates in value at a... (answered by ikleyn,MathLover1)

new car value 24,000 and depreciates 3,000 per year Write a formula that models the car's (answered by Alan3354)

Solve each problem by writing a linear function. When a new car is purchased, it... (answered by josgarithmetic)

A new 24000 dollars car depreciates in value 5000 dollars per year. Construct a linear... (answered by oscargut)

You bought a new car for $24,500 in 2005, and the value of the car depreciates by $400... (answered by solver91311)

1. The value of a new car decreases exponentially. Suppose you buy a new car for $32,000, (answered by TimothyLamb)

Jonas purchased a new car for $25,000. Each year the value of the car depreciates by 20%... (answered by josmiceli)

3. You just purchased a new computer for $1,600.00. Unfortunately your computer... (answered by stanbon)