SOLUTION: Daisha bough a car for 15000 dollars, and its value depreciated linearly. after 3 years, the value of the car was 11250 dollars. what is the amount, in dollars, of yearly depreciat
Algebra.Com
Question 1043448: Daisha bough a car for 15000 dollars, and its value depreciated linearly. after 3 years, the value of the car was 11250 dollars. what is the amount, in dollars, of yearly depreciation?
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
slope = (change in value)/(change in time) = (11250-15000)/(3-0) = -3750 = -1250
The slope is -1250 which means each year, the value of the car goes down 1250 dollars.
RELATED QUESTIONS
A car which cost $18,900 when new is depreciated linearly for a period of 10 years. At... (answered by josmiceli)
A bulldozer was purchased by a construction company for $224,000 and has a depreciated... (answered by Boreal)
A business owner decides to buy a company car for $53400 and assumes it will have a... (answered by Boreal)
A car is depreciated by 15% p.a. for 4 years and is then valued at $8,150. What was the... (answered by jorel1380)
The value ($V) of a car after n years is given by {{{V=V1 (1-R)^N}}} where {{{V1}}} is... (answered by Fombitz)
After 4 years, what is the value of a car originally costing 30,000 dollars that... (answered by robertb)
The value V of an item after t years is given by the following formula,
assuming linear... (answered by ikleyn)
A car purchased for $21,000 was worth $8,500 after 5 years. If the cars value... (answered by jmachadok)
Jacques bought a new car for $15000. Each year, the value of the car depreciates to 70%... (answered by josmiceli)