Help please
I think the answer is (B), because: After 12 years, the resale price finally hit 0, so 400/12=33.333 and goes on forever.
So, the value drops $100 every 3 years, to make it, so it can work.
ok thanks so much!
Since this is a straight line....The slope will give us the rate of change
We have the points (0, 400) and (12 ,0)
slope = [ 400 - 0 ] / [ 0 - 12 ] = -400 /12 = -100/3....just as Mathtoo found !!!