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Alex bought a new truck for $42,935. According to the dealer, the truck will depreciate approximately $4,200 per year. Write an equation in. Alex bought a new truck for $42,935. According to the dealer, the truck will depreciate approximately $4,200 per year. Write an equation in slope intercept form that represents this situation

Answer :

The equation in slope intercept form is: y = $42,935 - $4,200x.

Depreciation is the decline in the value of an asset as a result of wear and tear. The truck deprecates by $4,200 every year. This means that the value of the truck declines by $4,200 every year.

This can be represented with this equation:  y = $42,935 - $4,200x.

Where:

  • x = number of years
  • y = the value of the truck after x years.

  • In two years, the value of the truck would be: $42,935 - $4,200(2) = $34,535.
  • In ten years, the value of the truck would be: $42,935 - $4,200(10) = $935.

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