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A business uses straight-line depreciation to determine the value y of an automobile over a 5-year period. Suppose the original value (when t= 0) is equal to $13,000 and the salvage value (when t = 5) is equal to $4000. a. By how much has the automobile depreciated over the 5 years? b. By how much is the value of the automobile reduced at the end of each of the 5 years? c. Write the linear equation that models the values of this automobile at the end of year t. C The automobile has depreciated $ 9000 over the 5 years. (Simplify your answer.) The value of the automobile is reduced by $ at the end of each of the 5 years. (Simplify your answer.)

A business uses straight-line depreciation to determine the value y of an automobile over a 5-year period. Suppose the original value (when t= 0) is equal to $13,000 and the salvage value (when t = 5) is equal to $4000. a. By how much has the automobile depreciated over the 5 years? b. By how much is the value of the automobile reduced at the end of each of the 5 years? c. Write the linear equation that models the values of this automobile at the end of year t. C The automobile has depreciated $ 9000 over the 5 years. (Simplify your answer.) The value of the automobile is reduced by $ at the end of each of the 5 years. (Simplify your answer.)

Intermediate Algebra
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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A business uses straight-line depreciation to determine the value y of an automobile over a 5-year period. Suppose the original value (when t = 0) is equal to $13,000 and the salvage value (when t = 5) is equal to $4000. a. By how much has the automobile depreciated over the 5 years? b. By how much is the value of the automobile reduced at the end of each of the 5 years? c. Write the linear equation that models the values of this automobile at the end of year t. (...) The automobile has depreciated $ 9000 over the 5 years. (Simplify your answer.) The value of the automobile is reduced by $ at the end of each of the 5 years. (Simplify your answer.)
Transcribed Image Text:A business uses straight-line depreciation to determine the value y of an automobile over a 5-year period. Suppose the original value (when t = 0) is equal to $13,000 and the salvage value (when t = 5) is equal to $4000. a. By how much has the automobile depreciated over the 5 years? b. By how much is the value of the automobile reduced at the end of each of the 5 years? c. Write the linear equation that models the values of this automobile at the end of year t. (...) The automobile has depreciated $ 9000 over the 5 years. (Simplify your answer.) The value of the automobile is reduced by $ at the end of each of the 5 years. (Simplify your answer.)
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