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:
50 = 2
Step-by-step explanation:
which by definition equates to 68+1
Answer:
Answer is in picture
Step-by-step explanation:
Hope it is helpful.......
4/8 simplified is 2/4 i think
Answer:
-2
Step-by-step explanation:
add the -5 and -11, then add on to it the 14
