SOLUTION: You buy a new car for $45,000 and the car depreciates in value at a linear rate of 5000 per year. Create a linear equation to model the car(y) after (x) years. state the equation i

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: You buy a new car for $45,000 and the car depreciates in value at a linear rate of 5000 per year. Create a linear equation to model the car(y) after (x) years. state the equation i      Log On


   

Question 1123300: You buy a new car for $45,000 and the car depreciates in value at a linear rate of 5000 per year. Create a linear equation to model the car(y) after (x) years. state the equation in a slope intercept form and standard form.
Thanks for the help!
Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
A point from the description is (0, 45000), and slope from the description is -5000 dollars per year.

y=-5000x%2B45000---------slope-intercept form.

5000x%2By=45000----------