Can someone go through this with me? The average value of a certain automobile was $13,740 in 1994 and depreciated to $6960 in 1998. Let y be the average value of the automobile in the year x, where x=0 represents 1994. Write a linear equation that models the value of the automobile in terms of the year x.
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If 1994 is year 0, what is year 1998?
4
Okay, if the value decreases by 13740-6960 in 4 years, what is the slope of the line?
-1695?
So y=-1695x+13740 ?
Does that equation give you the known values? 13740 at year 0, and 6960 at year 4?
Yes
Then it is probably correct. If it didn't, it would certainly not be correct.
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