A new truck sells for $29,000 and depreciates 12% each year. Find the value of the truck after 10 years.
1 answer:
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Y = mx + b
m is your slope AKA rate of change
b is the y intercept.
from the graph we can see that the y intercept (b) is 15. (look at the y axis and see what point the line crosses on the y, here it is 15, in-between 10 and 20)
slope is rate of change. to figure this out remember slope = rise over run:
so pick two points. how much does one point rise after the other point you picked? In the graph it rises 1 square so rise = 1
Now looking at the same two points, how far away from each other are they on the x axis? Looking at the graph they are 2 squares away from each other. so run = 2
Now plug these numbers into the rise over run formula:
Now we have everything we need to put into our formula for a line:
For number 16 you should get:
after you do the same steps again yourself
m is your slope AKA rate of change
b is the y intercept.
from the graph we can see that the y intercept (b) is 15. (look at the y axis and see what point the line crosses on the y, here it is 15, in-between 10 and 20)
slope is rate of change. to figure this out remember slope = rise over run:
so pick two points. how much does one point rise after the other point you picked? In the graph it rises 1 square so rise = 1
Now looking at the same two points, how far away from each other are they on the x axis? Looking at the graph they are 2 squares away from each other. so run = 2
Now plug these numbers into the rise over run formula:
Now we have everything we need to put into our formula for a line:
For number 16 you should get:
after you do the same steps again yourself