document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1123445>Question 1123445</A>: <I><SPAN STYLE=\"word-break: break-all;\"> In the year 2015, Anna bought a new car for $36,000. In 2017, she was told that the value of her car was $25,000 due to depreciation. She is told that the value of her car depreciates linearly.\r<BR>\n" );
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document.write( "1. Find a function V(t) which gives the value of the car t years after the year 2015.\r<BR>\n" );
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document.write( "2. In 2018, Anna is told that she will be given $15,000 for her car if she decides to trade it in for a new car. Use the function from part (1) above to determine the value of her car in 2018.\r<BR>\n" );
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document.write( "3. Is the $15,000 value fair based on what she was told about linear depreciation? Explain your answer? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #739764 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=739764\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Let 2015 be t=0, 2016 be t=1, ...<BR>\n" );
document.write( "It depreciated $11000 in 2 years, or $5500 a year<BR>\n" );
document.write( "V(t)=36000-5500t function<BR>\n" );
document.write( "2018 will be t=3<BR>\n" );
document.write( "V(3)=36000-5500*3=$19500<BR>\n" );
document.write( "It would appear not to be fair based on depreciation, especially since in 2018 can be considered year 3 in January or December. The problem isn't clear on when in the year the clock starts or stops<BR>\n" );
document.write( "Since cars don't depreciate linearly but a great deal at first, if she were told this was a linear issue, she was not told the right thing. </SPAN>\n" );
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