Answer:
a. y-intercept = 23350 and x-intercept = 13
b. [tex]m = -\frac{23350}{13}[/tex]
c. [tex]y = -\frac{23350}{13}x + 23350[/tex]
Step-by-step explanation:
Given
[tex]Years = 13[/tex]
[tex]Total\ depreciation = \$23350[/tex]
Solving (a): The x and y intercepts
The y intercept is the initial depreciation value
i.e. when x = 0
This value is the value of the car when it was initially purchased.
Hence, the y-intercept = 23350
The x intercept is the year it takes to finish depreciating
i.e. when y = 0
From the question, we understand that it takes 13 years for the car to totally get depreciated.
Hence, the x-intercept = 13
Solving (b): The slope
The slope (m) is the rate of depreciation per year
This is calculated by dividing the total depreciation by the duration.
So:
[tex]m = \frac{23350}{13}[/tex]
Because it is depreciation, it means the slope represents a deduction.
So,
[tex]m = -\frac{23350}{13}[/tex]
Solving (c): The straight line equation
The general format of an equation is:
[tex]y = mx + b[/tex]
Where
[tex]m = slope[/tex]
[tex]b = y\ intercept[/tex]
In (a), we have that:
[tex]y\ intercept = 23350[/tex]
In (b), we have that:
[tex]Slope\ (m) = -\frac{23350}{13}[/tex]
Substitute these values in [tex]y = mx + b[/tex]
[tex]y = -\frac{23350}{13}x + 23350[/tex]
Hence, the depreciation equation is: [tex]y = -\frac{23350}{13}x + 23350[/tex]
