APPLICATION Suppose Karl bought a used car for $12,600. Each year its value is expected

Chapter 4, Problem 7

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APPLICATION Suppose Karl bought a used car for $12,600. Each year its value is expected to decrease by $1,350. a. Write an equation modeling the value of the car over time. Let x represent the number of years Karl owns the car, and let y represent the value of the car in dollars. b. What is the slope, and what does it mean in the context of the problem? c. What is the y-intercept, and what does it mean in the context of the problem? d. What is the x-intercept, and what does it mean in the context of the problem?

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