A Ford Mustang purchased for.docx - A Ford Mustang purchased for $18,750 is expected to depreciate according to the formula f(x = 2200x 18,750 where f(x

A Ford Mustang purchased for.docx - A Ford Mustang...

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A Ford Mustang purchased for $18,750 is expected to depreciate according to the formula f(x) = - 2200x + 18,750 where f(x) is the value of the Mustang after x years. Find its value after 3 years. How were you sure that your answer was right? Here,Original price of the Ford Mustang = $18,750Now,Finding the depreciated value after 3 years, So, x = 3. Given, f (x) = (- 2200x + 18,750) Now, Putting the value of x, We get, or, f (x) = (- 2200 * 3 + 18,750) or, f (x) = (-6600 + 18,750) or, f (x) = 12,150 Hence,
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Unformatted text preview: The depreciated value of Ford Mustang after 3 years will be $12,150. To check if my answer is correct or not we need to substitute value of f(x) in the following equation. And if my answer is correct I will get the value of x as 3. f (x) = (-2200x + 18,750) or, 12,150 = (-2200x + 18750) or, 2200x = 18,750 - 12,150 or, x = 66,00 / 2200 or, x = 3 Hence, my answer is correct. References Gustafson, R. D., & Hughes, J. D. (2015). College Algebra (12th ed.). Boston: Cengage Learning....
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  • Fall '15
  • Depreciation, Ford Motor Company, Ford Mustang, Dearborn, Michigan, Ford Capri, Ford Torino

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