Problem

Solve the problem. See Examples 7 and 8.Toyota Camry depreciation. The 2009 average retail...

Solve the problem. See Examples 7 and 8.

Toyota Camry depreciation. The 2009 average retail price P (in dollars) for an n-year-old Toyota Camry can be modeled by the function P = 24,215 − 1832n, where 0 ≤ n ≤ 4 (www.edmunds.com).

a) What was the average retail price of a 4-year-old Camry in 2009?


b) By what amount does this model depreciate annually?


c) Graph the equation for 0 ≤ n ≤ 4.

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