8. An $18,000 car depreciates at a rate of 16% per year. How old will the car be when it is worth $12,000?
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Find the slope of the line passing throught the points (2, 2) and (4, 3).
The formula of a slope:
Substitute:
If the point (x, -1) lie on the same line, then the slope of line passing through the points (2, 2) and (x, -1) the same:
Substitute:
We have the equation:
<em>cross multiply</em>
<em>add 2 to both sides</em>