The manufacturer's suggested retail price (MSRP) for a particular car is $25,140, and it is expected to be worth $11.475 in 5 years. (a) Find a linear depreciation function for this car.
(b) Estimate the value of the car 8 years from now.
(c) At what rate is the car depreciating?
(a) What is the linear depreciation function for this car?
f(x) =
(Simplify your answer. Do not include the $ symbol in your answer.)
(b) What is the estimated value of the car 8 years from now?
$
(c) At what rate is the car depreciating?
The car is decreasing in value an average of $
a year