The value of X would be 9
Let the value of the vehicle be described by the equation
V = a + bx
where x = number of years since purchase
a,b are constants.
When x = 0, V = $7500. Therefore
a + b*0 = 7500
a = 7500
When x = 7, V = $500. Therefore
7500 + 7b = 500
7b = 500 -7500 = -7000
b = -7000/7 = -1000
The equation is
V = 7500 - 1000x
The slope of this equation is the depreciation rate, and it is -$1000 per year.
Answer: $1000 depreciation per year.
Answer:
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Step-by-step explanation:
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Answer:
Option B. A = (5/6)^-⅛
Step-by-step explanation:
From the question given above, we obtained:
(5/6)ˣ = A¯⁸ˣ
We can obtain the value of A as follow:
(5/6)ˣ = A¯⁸ˣ
Cancel x from both side
5/6 = A¯⁸
Recall:
M¯ⁿ = 1/Mⁿ
A¯⁸ = 1/A⁸
Thus,
5/6 = 1/A⁸
Cross multiply
5 × A⁸ = 6
Divide both side by 5
A⁸ = 6/5
Take the 8th root of both sides
A = ⁸√(6/5)
Recall
ⁿ√M = M^1/n
Thus,
⁸√(6/5) = (6/5)^⅛
Therefore,
A = (6/5)^⅛
Recall:
(A/B)ⁿ = (B/A)¯ⁿ
(6/5)^⅛ = (5/6)^-⅛
Therefore,
A = (5/6)^-⅛
