Scatter Plots & Data Analysis Online Practice

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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.

1 answer

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.