SOLUTION: Please, help me to solve this question, it's very urgent: A new car costs $19,000. 12 years later it is scrap and is worth $1,000. State the equation that represents the c

Algebra ->  Linear-equations -> SOLUTION: Please, help me to solve this question, it's very urgent: A new car costs $19,000. 12 years later it is scrap and is worth $1,000. State the equation that represents the c      Log On


   

Question 132390: Please, help me to solve this question, it's very urgent:

A new car costs $19,000. 12 years later it is scrap and is worth $1,000. State the equation that represents the cars value (y) after x years.

thanks.
Answer by scott8148(6628) About Me  (Show Source):
You can put this solution on YOUR website!
the car depreciates 18000 (19000-1000) in 12 yrs
that is 18000/12 or 1500 per year

so y=19000-1500x