Delia purchased a new car for $25,350. This make and model straight line depreciated to zero after 13 years. Determine the slope of the depreciation equation.

permaneceerc

permaneceerc

Answered question

2021-03-07

Delia purchased a new car for $25,350. This make and model straight line depreciated to zero after 13 years. Determine the slope of the depreciation equation.

Answer & Explanation

StrycharzT

StrycharzT

Skilled2021-03-08Added 102 answers

Let x be the number of years since the car was purchased and y be the value of the car.
Two points representing the situation are (0,25350) when it is purchased as a new car and (13,0) when it depreciated to 0 after 13 years. Using the slope formula, m=y2y1x2x1=025350130=1950.
The slope is -1950 which means that the value of the car depreciates at a rate of $1950 per year.

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