A student bought a used car in 2014 for $7650 and it has decreased in value by about $1250 per year since then. Let V be the value of the car at t years since 2014. a) Find the slope of the linear model that describes the situation. b) What is the V-intercept of the model? c) Find an equation that models the situation.
A student bought a used car in 2014 for $7650 and it has decreased in value by about $1250 per year since then. Let V be the value of the car at t years since 2014. a) Find the slope of the linear model that describes the situation. b) What is the V-intercept of the model? c) Find an equation that models the situation.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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![A student bought a used car in 2014 for $7650 and it has decreased in value by about $1250
per year since then. Let V be the value of the car at t years since 2014.
a) Find the slope of the linear model that describes the situation.
b) What is the V-intercept of the model?
c) Find an equation that models the situation.
d) Use the model (your equation) to predict the approximate value of the car in the year 2019.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3d24b4a4-3f74-4679-808a-91a1fe532170%2F097c57fe-57e0-49a8-9c45-13a64155accb%2Fvxdlfy5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A student bought a used car in 2014 for $7650 and it has decreased in value by about $1250
per year since then. Let V be the value of the car at t years since 2014.
a) Find the slope of the linear model that describes the situation.
b) What is the V-intercept of the model?
c) Find an equation that models the situation.
d) Use the model (your equation) to predict the approximate value of the car in the year 2019.
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