FinAlgA: U3,MC2 - Depreciation

The Depreciation remains constant according to which method?

• Sum of Years Digits

• Exponential

• Declining Balance

• Straight Line Method

The graph of a straight line depreciation equation is shown. What is the original value of the car?

The graph of a straight line depreciation equation is shown. How many years will it take for the car to depreciate to 50% of its original value?

The straight line depreciation equation for a luxury car is y=-3400x+85000. How many years will it take for the car to totally depreciate?

Chris purchased a used car for $19,700. The car depreciates exponentially by 10% per year. How much will the car be worth after 6 years? Round your answer to the nearest cent.

Raphael purchased a 3 year old car for $16000. He was told that this make and model depreciates exponentially at a rate of 5.45% per year. What was the original price of the car when it was new?