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Sasha bought a car for $32,875. Seven years later, the car was worth $22,095. If the depreciation was linear (straight-line depreciation method), by how much did the value of the car go down each year? What would the car have been worth after three years? Decreases $1540 per year; Worth $28,255 after three years $15.10 Warth & A

Sasha bought a car for $32,875. Seven years later, the car was worth $22,095. If the depreciation was linear (straight-line depreciation method), by how much did the value of the car go down each year? What would the car have been worth after three years? Decreases $1540 per year; Worth $28,255 after three years $15.10 Warth & A

Advanced Engineering Mathematics
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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Sasha bought a car for $32,875. Seven years later, the car was worth $22,095. If the depreciation was linear (straight-line depreciation method), by how much did the value of the car go down each year? What would the car have been worth after three years? Decreases $1540 per year; Worth $28,255 after three years Decreases $1540 per year; Worth $4,620 after three years Decreases $3156.43 per year; Worth $23,405.71 after three years Decreases $4696.43 per year; Worth $14,089.29 after three years Decreases $4696.43 per year; Worth $18,785.71 after three years
Transcribed Image Text:Sasha bought a car for $32,875. Seven years later, the car was worth $22,095. If the depreciation was linear (straight-line depreciation method), by how much did the value of the car go down each year? What would the car have been worth after three years? Decreases $1540 per year; Worth $28,255 after three years Decreases $1540 per year; Worth $4,620 after three years Decreases $3156.43 per year; Worth $23,405.71 after three years Decreases $4696.43 per year; Worth $14,089.29 after three years Decreases $4696.43 per year; Worth $18,785.71 after three years
A. A house cost $200,000. Five years later, that same house sold for $250,000. If there was linear growth, the slope of this line would (numerically) be 10,000. Explain what this means. The value of the house decreased by $10,000 each year. The value of the house increased by $10,000 every five years. O The value of the house increased by $10,000 each year. Every 10,000 years, the house will be worth one more dollar.
Transcribed Image Text:A. A house cost $200,000. Five years later, that same house sold for $250,000. If there was linear growth, the slope of this line would (numerically) be 10,000. Explain what this means. The value of the house decreased by $10,000 each year. The value of the house increased by $10,000 every five years. O The value of the house increased by $10,000 each year. Every 10,000 years, the house will be worth one more dollar.
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