Question 1200856: Question Link
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The graph indicates the resale value of a certain style of Honda Accord LX sedans. The value of a three-year old Honda LX Sedan 4D was $13,322. The value of an 11-year-old Honda LX Sedan 4D was $4,894. Assume that the depreciation of the vehicle between these years is linear. We want to find the value of a similar car that is eight years old.
Part A: Should the value of an eight-year-old Accord be closer to $13,322 or closer to $4,894?
Part B: You have multiple strategies for determining an estimate for the price of an eight-year-old Accord. Use one of the strategies and determine an estimate.
Estimated value = $
Answer by ikleyn(52803)   (Show Source):
You can put this solution on YOUR website! .
To answer question (A), answer another, closely related question:
is the number 8 closer to 11, or it is closer to 4 ?
This method to apply is called " turn on your common sense ".
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