SOLUTION: A new car worth $ 24,000 is depreciating in value by $ 3000 per year. Write a formular that models the car's value, y, in dollars, after x year.

Question 185216: A new car worth $ 24,000 is depreciating in value by $ 3000 per year. Write a formular that models the car's value, y, in dollars, after x year.
Answer by jojo14344(1513) (Show Source): You can put this solution on YOUR website!

We can give a formula,
where
After 1 year:
=$21,000.00
After 2 years:
=$18,000.00
After 3 years:
=$15,000.00
And so forth....
*Note: After "8" years, I think it's about time to buy a NEW car. Substitute X=8 and see why?
Thank you,
Jojo
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