SOLUTION: The equation V = 20,000 - 2,500t models the value of a new car and how the value depreciates (decreases in value over time) where V is the current value and t is the number of ye

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: The equation V = 20,000 - 2,500t models the value of a new car and how the value depreciates (decreases in value over time) where V is the current value and t is the number of ye      Log On


   

Question 1159110: The equation V = 20,000 - 2,500t models the value of a new car and how the value depreciates (decreases in value over time) where V is the current value and t is the number of years that have passed
[a] Find the V and t intercepts.
[b] Describe what they represent in this situation.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
V=20000-2500t
When V=0, t=8 and that says after 8 years the value of the car will be 0.
V=$25000, and that says at 0 years, the value of the car is $20000
(8, $0) is V intercept
(0, $20000) is t-intercept