Question

A new car is purchased for 24800 dollars. The value of the car depreciates at 12% per year. What is the y-intercept (starting value)? *

Answer 1

Explanation:

The starting value, y intercept, is just the initial value as it has not depreciated when time or x is zero.

The equation described is y=24800(0.88)^x

Answer 2

$24,800

Explanation:

that's how much the car costs at year 0