SOLUTION: The value of a new car decreases immediately after purchase. The equation v=-3000t+28,000 represents the value, v, of a certain car, in dollars, where t is years since it was purch
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Question 135193: The value of a new car decreases immediately after purchase. The equation v=-3000t+28,000 represents the value, v, of a certain car, in dollars, where t is years since it was purchased. Find the v- and t-intercepts, and interpret their meaning in the context of this problem. Answer by Fombitz(32388) (Show Source):
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When T=0, the value is the purchase price of the automobile. That's the V intercept (like the y-intercept).
When V=0, that's when the car no longer has value,
In 9 years and 4 months, the car will no longer have a value according to your formula. That's the T intercept (like the y-intercept).
