A car initially sold for $23,999. Its class life is 12 years, and the car depreciates by $750 each year. Express this as a linear function. Find the salvage value. Then, find the value after six years.

Mr. Lang bought a used Chevy Tahoe for $26,500. The value of the Tahoe has decreased 7% per year since he purchased it. Write an equation that models the situation. y = 26500(1 - .07)* y = 26500(1 – 0.7)* Option 1 Option 2 y = 7(1 – .265)* y = 26500(1 + .07)* Option 3 Option 4 Rack

A car’s value depreciates by 7% every year. It was purchased for $12000. Write an equation for the value of the car       What will it be worth after 4 years?       How long will it take for the car’s value to fall to half the purchase price? (Answer in years and months to the nearest month).

Adam’s parents decided to put money in bank every month for his studies. They started with $100 and decided to double it every 6 months. Determine if the relation is linear, quadratic or exponential. Explain your reasoning. Show your work. Write an equation which models the above relation. How much they will have in the account after 5 years. How long will it take for them to have $5000 in the account.

A shirt producer has a fixed monthly cost of $3600. If each shirt has a cost of $3 and sells for $12 find: Cost function Revenue function Profit