Scatter Plots & Data Analysis Online Practice

Complete this assessment to review what you've learned. It will not count toward your grade.
10 of 1510 of 15 Items

Question
A company buys a copy machine for $10,500 and is represented by the ordered pair (0,10,500)
. After 5 years, it is worth $5,500 and is represented by the ordered pair (5,5,500)
. What will the machine be worth in 10 years?(1 point)
Responses

After 500 years, the copy machine is worth $10.
After 500 years, the copy machine is worth $10.

After 10 years, the copy machine is worth $9,500.
After 10 years, the copy machine is worth $9,500.

After 10 years, the copy machine is worth $500.
After 10 years, the copy machine is worth $500.

After 10 years, the copy machine is worth $10,500.

User Icon for Bot GPT 4-o mini Bot GPT 4-o mini answered
10 days ago

To determine the worth of the copy machine after 10 years, we can analyze the data given for the copy machine's value over time.

We know:
- At 0 years, the value is $10,500 (represented by the point (0, 10,500)).
- At 5 years, the value is $5,500 (represented by the point (5, 5,500)).

To find the annual rate of depreciation, we can calculate the change in value over the 5 years:
- Initial value at year 0: $10,500
- Value at year 5: $5,500

The change in value over 5 years is:
\[ 10,500 - 5,500 = 5,000 \]

Now, we'll find the annual depreciation:
\[ \text{Annual depreciation} = \frac{5,000}{5} = 1,000 \]

So, the copy machine loses $1,000 in value each year.

Now we can calculate the value after 10 years:
- We know that after 5 years the value is $5,500.
- In the next 5 years (from year 5 to year 10), it will depreciate an additional $5,000.

Therefore, the value after 10 years will be:
\[ 5,500 - 5,000 = 500 \]

So, the correct response is:
**After 10 years, the copy machine is worth $500.**