Krishnamurthy
The value of your car one year after you purchased it was $12,500.
Four years after you purchased it, the car's value was $8,100.
a)
Write two ordered pairs of the form
(number of years after purchase, value of the car).
Car value one year after purchase was $12,500
Its value four years after purchase was $8,100
b).
Algebraically calculate the slope of the line between these two points.
c).
Interpret the slope as a rate of change.
Puzzling
First represent each value as an ordered pair (aka a "point").
Year 1 = 12500 --> (1, 12500)
Year 4 = 8100 --> (4, 8100)
If you have two points, the slope is calculated as change in y divided by change in x.
m = (y2 - y1) / (x2 - x1)
m = (8100 - 12500) / (4 - 1)
m = -4400 / 3
m = -1466.66666...
It means that the value of the car goes down by about $1466.67 per year.