SOLUTION: For the first six years, the loan value of a Corvette is determined by the formula V = – 4000a + 50000, where V is the value and a is the age of the car in years. What was its o

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: For the first six years, the loan value of a Corvette is determined by the formula V = – 4000a + 50000, where V is the value and a is the age of the car in years. What was its o      Log On

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Question 4716: For the first six years, the loan value of a Corvette is determined by the formula
V = – 4000a + 50000, where V is the value and a is the age of the car in years. What was its original value? What is its value when it is 5 years old?

Answer by Abbey(339) About Me  (Show Source):
You can put this solution on YOUR website!
The original value is determined when the age of the car is zero.
V=-4000(0)+50000
V=50,000
When it is 5 years old
V=-4000(5)+50000
V=-20000+50000=30000
so the value of the car is 30,000 after 5 years