The manufacturer's suggested retail price (MSRP) for a particular car is $25,125, and it is expected to be worth $19,645 in 2 years. (a) Find a linear depreciation function for this car. (b) Estimate the value of the car 3 years from now. (c) At what rate is the car depreciating? (a) What is the linear depreciation function for this car? f(x) = (Simplify your answer. Do not include the $ symbol in your answer.) Please Answer a-b.

a. Depreciation function

F = (1-r)^t

b, $17,357

c. 11.6%

Step-by-step explanation:

a. Firstly, we are told to find the linear depreciation function. This means an equation that shows how the depreciation is playing out.

To get this, we shall go the exponential way;

Let F = future value of the car, P = Present value of the car, r = percentage of depreciation and t = time or number of years

So the depreciation function will be;

F = P(1 - r)^t

c. Let’s calculate the rate at which it is depreciating

According to our formula, F = $19,645 while P = $25,125 and t = 3

The depreciation function is;

F = P(1-r)^t

So substituting these values, we have;

19,645 = 25,125(1-r)^2

Divide both sides by 25,125

19645/25125 = (1-r)^2

(1-r)^2 = 0.782

Find the square root of both sides;

1-r = √0.782

1-r = 0.884

r = 1-0.884 = 0.116 which is same as 11.6%

b. We want to find the cost of the car in 3 years

We use the same depreciation function;

F = P(1-r)^t

where in this case F = ? , P = 25,125 , r = 0.116 and t = 3

Substituting these values, we have

F = 25125(1-0.116)^3

F = 25125(0.884)^3 = $17,357

50-60=10

step-by-step explanation:

x= 1

step-by-step explanation: convert 5\frac{11}{12}5

​12

​

​11

​​   to improper fraction. use this rule: a \frac{b}{c}=\frac{ac+b}{c}a

​c

​

​b

​​ =

​c

​

​ac+b

​​

3.25+0.5x+1\frac{1}{3}+\frac{5}{6}x=\frac{5\times 12+11}{12}3.25+0.5x+1

​3

​

​1

​​ +

​6

​​5

​​ x=

​12

​5×12+11

​​ 2 simplify 5\times 125×12 to 6060

3.25+0.5x+1\frac{1}{3}+\frac{5}{6}x=\frac{60+11}{12}3.25+0.5x+1

​3

​​1

​​ +

​6

​5

​​ x=

​12

​​60+11

​​3 simplify 60+1160+11 to 7171

3.25+0.5x+1\frac{1}{3}+\frac{5}{6}x=\frac{71}{12}3.25+0.5x+1

​3

​​1

​​ +

​6

​​5

​​ x=

​12

​​71

​​4 simplify \frac{5}{6}x

​6

​​5

​​ x to \frac{5x}{6}

​6

​5x

​​ 3.25+0.5x+1\frac{1}{3}+\frac{5x}{6}=\frac{71}{12}3.25+0.5x+1

​3

​

​1

​​ +

​6

​5x

​​ =

​12

​​71

​​ 5 convert 1\frac{1}{3}1

​3

​​1

​​   to improper fraction. use this rule: a \frac{b}{c}=\frac{ac+b}{c}a

​c

​​b

​​ =

​c

​​ac+b

​​3.25+0.5x+\frac{1\times 3+1}{3}+\frac{5x}{6}=\frac{71}{12}3.25+0.5x+

​3

​​1×3+1

​​ +

​6

​​5x

​​ =

​12

​71

​​ 6 simplify 1\times 31×3 to 33

3.25+0.5x+\frac{3+1}{3}+\frac{5x}{6}=\frac{71}{12}3.25+0.5x+

​3

​​3+1

​​ +

​6

​​5x

​​ =

​12

​71

​​ 7 simplify 3+13+1 to 44

3.25+0.5x+\frac{4}{3}+\frac{5x}{6}=\frac{71}{12}3.25+0.5x+

​3

​​4

​​ +

​6

​5x

​​ =

​12

​71

​​8 simplify 3.25+0.5x+\frac{4}{3}+\frac{5x}{6}3.25+0.5x+

​3

​​4

​​ +

​6

​​5x

​​   to \frac{13.75}{3}+\frac{4x}{3}

​3

​​13.75

​​ +

​3

​4x

​​ \frac{13.75}{3}+\frac{4x}{3}=\frac{71}{12}

​3

​​13.75

​​ +

​3

​​4x

​​ =

​12

​71

​​ 9 simplify \frac{13.75}{3}

​3

​​13.75

​​   to 4.5833334.583333

4.583333+\frac{4x}{3}=\frac{71}{12}4.583333+

​3

​​4x

​​ =

​12

​71

​​ 10 subtract 4.5833334.583333 from both sides

\frac{4x}{3}=\frac{71}{12}-4.583333

​3

​

​4x

​​ =

​12

​

​71

​​ −4.583333

11 simplify \frac{71}{12}-4.583333

​12

​

​71

​​ −4.583333 to \frac{4}{3}

​3

​4

​\frac{4x}{3}=\frac{4}{3}

​3

​​4x

​​ =

​3

​4

​​ 12 multiply both sides by 33

4x=\frac{4}{3}\times 34x=

​3

​4

​​ ×3

13 simplify \frac{4}{3}\times 3

​3

​​4

​​ ×3 to \frac{12}{3}

​3

​​12

​​ 4x=\frac{12}{3}4x=

​3

​​12

​​ 14 simplify \frac{12}{3}

​3

​​12

​​   to 44

4x=44x=4

15 divide both sides by 44

x=1

​​