The graph shows the value of a car over time. In $4$ years’ time, the car will be worth \(\$20\mat

Question

The graph shows the value of a car over time. In $4$ years’ time, the car will be worth $\$20\mathrm{000}$. Assume that the value of the car depreciates at a constant rate, use the graph to estimate, the initial value of the car, the rate of depreciation of the car, the value of the car in $2$ years’ time.

Accepted Answer

(a) $\$60{,}000$ (b) $\$10{,}000$ per year (c) $\$40{,}000$

Depreciation of a Car’s Value Over Time

Depreciation of a Car’s Value Over Time

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