Question

1. Delia purchased a new car for $23,350. This make and model straight line depreciates to zero after 13 years.

Answer 1

Answer:

a. y-intercept = 23350 and x-intercept = 13

b. $m = -\frac{23350}{13}$

c. $y = -\frac{23350}{13}x + 23350$

Step-by-step explanation:

Given

$Years = 13$

$Total\ depreciation = \ 23350$

Solving (a): The x and y intercepts

The y intercept is the initial depreciation value

i.e. when x = 0

This value is the value of the car when it was initially purchased.

Hence, the y-intercept = 23350

The x intercept is the year it takes to finish depreciating

i.e. when y = 0

From the question, we understand that it takes 13 years for the car to totally get depreciated.

Hence, the x-intercept = 13

Solving (b): The slope

The slope (m) is the rate of depreciation per year

This is calculated by dividing the total depreciation by the duration.

So:

$m = \frac{23350}{13}$

Because it is depreciation, it means the slope represents a deduction.

So,

$m = -\frac{23350}{13}$

Solving (c): The straight line equation

The general format of an equation is:

$y = mx + b$

Where

$m = slope$

$b = y\ intercept$

In (a), we have that:

$y\ intercept = 23350$

In (b), we have that:

$Slope\ (m) = -\frac{23350}{13}$

Substitute these values in $y = mx + b$

$y = -\frac{23350}{13}x + 23350$

Hence, the depreciation equation is: $y = -\frac{23350}{13}x + 23350$