Jesse’s parents bought a new car. After owning it for two years, the car’s value was $20,085. After owning it for six years, Jesse’s parents sold it to him for $6,033.

Make a graph, where x is the number of years they owned the car and y is the car’s value. Graph the car’s value at 2 years and 6 years. Determine the approximate purchase price of the car.

Question

Jesse’s parents bought a new car. After owning it for two years, the car’s value was $20,085. After owning it for six years, Jesse’s parents sold it to him for $6,033.

Make a graph, where x is the number of years they owned the car and y is the car’s value. Graph the car’s value at 2 years and 6 years. Determine the approximate purchase price of the car.

anonymous · Answer

These are the choices 22,000 24,000 25,000 27,000

anonymous · Answer

Does anybody know?

anonymous · Answer

yeah, but Excel is making my life difficult.

anonymous · Answer

Well, it isn't a pretty graph, and thank goodness for OpenOffice. Now, you just need to extend the line backwards to 0 years and determine what the closest approximation of the purchase price was. Use a ruler.

anonymous · Answer

This is assuming that the car's value depreciates in a linear way, which it probably doesn't. It was probably more likely worth 30 to 40 thousand to begin with.

anonymous · Answer

Yeah that is the answer up there but what is it though did you see the answer choices i posted?

anonymous · Answer

Yes, I saw the choices, and there is one that I would chose after printing the graph, extending the line backwards and approximating the value at 0 years.

anonymous · Answer

Okay thank you for the help

anonymous · Answer

What did you get, out of curiosity?

anonymous · Answer

g2g, but here is my solution.