SOLUTION: Suppose that Laura has just purchased a new car for $275,000. The car depreciates using the straight-line method according to the insurance company over 10 years (i) Write a line

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Suppose that Laura has just purchased a new car for $275,000. The car depreciates using the straight-line method according to the insurance company over 10 years (i) Write a line      Log On


   

Question 890167: Suppose that Laura has just purchased a new car for $275,000. The car depreciates using the straight-line method according to the insurance company over 10 years
(i) Write a linear model that expresses the book value P of the car as a function of its age x.
(ii) What is the implied domain of the function found in part (a)?
(iii) Graph the linear function.
(iv) What is the book value of the car after 4 years?
(v) When will the car have a book value of $175,000?
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
(0,275000)
(10,0)
(i) y= -27500x+275000
(iv)165000