A car was purchased for $3,495 and will depreciate 20% each year.
- Find a linear function for the value of the car at time t in years. Define variables clearly.
- Graph the function you found in part A.
- A claim is made that the car will not be worth anything in five years. Do you agree with this claim? Explain. In your explanation include the following:
- State the problem in your own words.
- Describe the strategy used to solve the problem.
- Clearly, state your answer and explain why it is reasonable.
- Tell whether you agree with the claim, explaining why or why not