SOLUTION: Find the equation of linear depreciation and the value of the car 5 years from now. A car cost $20,000 and depreciates linearly at the rate of $3000 per year.

Algebra ->  Coordinate Systems and Linear Equations -> SOLUTION: Find the equation of linear depreciation and the value of the car 5 years from now. A car cost $20,000 and depreciates linearly at the rate of $3000 per year.       Log On


   

Question 972726: Find the equation of linear depreciation and the value of the car 5 years from now.
A car cost $20,000 and depreciates linearly at the rate of $3000 per year.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Find the equation of linear depreciation and the value of the car 5 years from now.
A car cost $20,000 and depreciates linearly at the rate of $3000 per year.
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Value = 20,000-3000t
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V(5) = 20,000-3000*5 = $5000.00
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Cheers,
Stan H.
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