Math Problem Statement
A minivan was purchased for $32,000. If the value of the minivan depreciates by $1,700 per year, find a linear function that models the value V of the car after t years. Use the function and find the value of the car after 5 years.
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Functions
Depreciation
Algebra
Formulas
V(t) = P - D * t
Theorems
Linear Equation
Suitable Grade Level
Grades 8-10