A car was purchased for $3,495 and will depreciate 20% of the original price each year.

Question

Find a linear function for the value of the car at time t in years. Define variables clearly.
Graph the function you found in part A.
A claim is made that the car will not be worth anything in five years. Do you agree with this claim?
Explain. In your explanation include the following:
State the problem in your own words.
Describe the strategy used to solve the problem.
Clearly state your answer and explain why it is reasonable.
Tell whether you agree with the claim, explaining why or why no

Answer 1

v = 3495 - (3495/5)t

Answer 2

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