A Car Is Worth $15,000 When It Is 1 Year

question 36

Short Answer

A car is worth $15,000 when it is 1 year old, and it is worth $8,000 when it is three years old.
A. Write the value of the car, V (in dollars), as a function of the age of the car, a (in years). Assume this is a linear function.
B. How much does the car depreciate in value each year?
C. How much was the car worth when it was first purchased?

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Definitions:

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