Equation:
y - 10 = -5x
Solve:
(y - 10) + 10 = (-5x) + 10
y = -5x + 10
Remember the formula (Slope Intercept Form):
y = mx + b
m = Slope (Rise/Run)
b = Y-intercept
So your graph would look something like the attached image:
<em>(Need further elaboration? Let me know!)</em>
Ab^x
a: initial value
b: value remaining after depreciation per year (in percentage)
x: number of years that have passed
35000(0.95)^8= 23219.7151
Round to the nearest hundredth value:
About $23219.72
Let me know if you have any questions :)