SOLUTION: Word Problem: A company purchased a car for $25,000, and expect its value to depreciate $2,500 per year. Write an equation for the value fo the car, y, in terms of years X.

Question 132330: Word Problem:
A company purchased a car for $25,000, and expect its value to depreciate
$2,500 per year.
Write an equation for the value fo the car, y, in terms of years X.
Please help or let me know if this is correct
Depreciation = $25,000-$2,500 divided by 1x or
using 1 x for each year.
The equation would be Y= 25,000-2,500(x) Is this correct?
Thank you, This was in my notes as an example to study for test. I have been unable to find even 1 similiar in the book Can you please help. Thank You
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

correct. I would say the depreciation is
RELATED QUESTIONS
Solve each problem by writing a linear function. When a new car is purchased, it... (answered by josgarithmetic)

George buys a car for $25 000 in January 2017. If the car depreciates at a rate of 12.5%... (answered by jorel1380)

A vehicle depreciates at a rate of 25% per year. A new car was purchased for $28 500. (answered by josgarithmetic)

An automobile purchased for $39,000 is worth $25000 after 5 years. Assuming the car's... (answered by CubeyThePenguin,greenestamps)

emily bought a new car and paid 34525. she found that the car will depreciate, on... (answered by josmiceli,Boreal)

Sam has purchased a $30,000 car for his business. The car depreciates 30% every year.... (answered by ikleyn)

A rule of thumb states that cars in personal use depreciate by 9% each year. Suppose a... (answered by ikleyn,josgarithmetic)

Please solve the following problem with an explanation please...having difficulty: A.... (answered by solver91311)

Alex bought a new truck for $42,l935. According to the dealer, the truck will depreciate... (answered by Boreal)