Asked by kianna
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?
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?
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