A Car Was Purchased for $42,000 $0 \leq t \leq 5$

question 24

Multiple Choice

A car was purchased for $42,000. Assuming the car depreciates at a rate of $5040 per year (straight-line depreciation) for the first 5 years, write the value v of the car as a function of the time t (measured in years) for $0 \leq t \leq 5$

• A) \(v ( t ) = 5040 t - 42,000\)
• B) \(v ( t ) = 42,000 - 5040 ( 5 ) t\)
• C) \(v ( t ) = 42,000 - 5040 t\)
• D) \(v ( t ) = 42,000 + 5040 ( 5 ) t\)
• E) \(v ( t ) = 42,000 + 5040 t\)

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