A car worth $43,000 brand new, depreciates at a rate of $2000 per year. What is the formula that des

Discussion in 'Calculator Requests' started by math_celebrity, Mar 14, 2021.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    A car worth $43,000 brand new, depreciates at a rate of $2000 per year. What is the formula that describes the relationship between the value of the car (C) and the time after it has been purchased (t)?

    Let t be the number of years since purchase. Depreciation means the value decreases, so we have:
    C = 43000 - 2000t
     

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