Jimmy bought a car in January of 2010 worth $25, 500. He submitted the car for valuation in January 2015 and was told that its worth is now $20, 450. Assuming that the depreciation is linear.

Question

Jimmy bought a car in January of 2010 worth $25, 500. He submitted the car for valuation in January 2015 and was told that its worth is now $20, 450. Assuming that the depreciation is linear.  
a) Find the rate at which the car is decreasing in value. Treat the year 2000 as 0 t  .  
b) Interpret the value obtained in part (a).  
c) Complete the equation of the form V mt c  .  
d) Use your equation in part (c) to estimate the value of the car in 2019.  
e) Jimmy wants to sell the car when its value is $10,000. In what year will he most likely       sell this car?