Question 53661
<pre><font size=5><b>find the linear depreciation equation for the TV in the 
advertisement shown below: 
Three (3) years old flat screen TV;
Matrix surround sound with PIP remote
Bought new-$7,500.00; Asking $2,500.00

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When it was bought new, the time was = 0 years and the 
value was $7500.

Now that it is being sold, the time is = 3 and the value 
is $2500.

This amounts to finding the equation of a line that 
passes through the two points (0, 7500) and (3, 2500), 
where x represents the time and y represents the value of 
the TV.

     y<sub>2</sub> - y<sub>1</sub>
m = ---------  
     x<sub>2</sub> - x<sub>1</sub>

where (x<sub>1</sub>,y<sub>1</sub>) = (0,7500) and (x<sub>2</sub>,y<sub>2</sub>) = (3,2500)

     2500 - 7500     -5000
m = ------------- = -------
        3 - 0          3

Now use the point-slope formula:

  y - y<sub>1</sub> = m(x - x<sub>1</sub>)

y - 7500 = -5000/3(x - 0)

y - 7500 = (-5000/3)x

       y = 7500 - (5000/3)x

We now would probably change y to V for value, and
x to t for time

       V = 7500 - (5000/3)t  where 0 <u><</u> t <u><</u> 4.5 

Edwin</pre>