Write a linear equation that models the value of the automobile in terms of the year x?
charliemo asked:
The average value of a certain type of automobile was $15,780 in 1992 and depreciated to $6720 in 1996. Let y be the average value of the automobile in the year x, where x = 0 represent 1992.
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The average value of a certain type of automobile was $15,780 in 1992 and depreciated to $6720 in 1996. Let y be the average value of the automobile in the year x, where x = 0 represent 1992.
April 7th, 2010 at 7:22 pm
The automobile value dropped by (15780 - 6720) = 9060 dollars over four years for an average of 2265 lost per year. So your linear equation would be
Y = 15870 - 2265 X
where Y is the current value of the car and
x is the number of years that passed since 1992
(that is, X = Y - 1992 where Y is the current year) jgoulden