Given :
The straight line depreciation equation for a motorcycle is y = -2,150x + 17,200.
To Find :
a. What is the original price of the motorcycle? $17,200.00 ?
b. How much value does the motorcycle lose per year?
c. How many years will it take for the motorcycle to totally depreciate?
Solution :
y = -2,150x + 17,200.
Here, y is price and x is unit of time in years.
a)
We know, original price is given when x =0.
So, y = 0 + 17,200
y = $17,200.00
b)
Value motorcycle lose per year is coefficient of x i.e $-2,150.00
c)
Form total depreciate :
y = 0
0 = -2,150x + 17,200
x = 17,200÷2,150
x = 8 years.
Hence, this is the required solution.