Concept explainers
The car that will worth the same amount as in car is exactly 5 years.
Answer to Problem 40E
Where the initial value is the y-intercept at $22500 & the rate at which the value decreases is $2000 per year.
Explanation of Solution
Given information:
A car has initial value of $20,000 and decreases in value at a rate of $1500 per year.
Formula used:
Calculation:
First, derive the equation for the first car. The initial value corresponds to the y-intercept
b = 20000 & the decrease in value rate is the slope m = -1500
Using slope-intercept form, the equation is:
At = 5 (5 years), the worth is:
Therefore, we need to find an equation in the same form that passes through the point (5, 12500) corresponding to the value after 5 years.
Let, the decrease in value he $2000 per year so that the equation is:
Substitute the point to find b:
The equation for the 2nd car is:
Where the initial value is the y-intercept at $22500 & the rate at which the value decreases is $2000 per year.
Conclusion:
Where the initial value is the y-intercept at $22500 & the rate at which the value decreases is $2000 per year.
Chapter 5 Solutions
BIG IDEAS MATH Algebra 1: Common Core Student Edition 2015
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