A boat is purchased for $15 000. It depreciates in value by $3000 per year.
Let \(V\) = Value of the boat in dollars, and \(t\) = time in years.
- Complete the table of values below that models the relationship between the value of the boat and time in years. (1 mark)
\(\begin{array}{|c|c|c|c|c|c|c|} \hline \vphantom{\dfrac{1}{1}}\quad t \quad & \quad 0 \quad & \quad 1 \quad & \quad 2 \quad & \quad 3 \quad & \quad 4 \quad & \quad 5 \quad \\[6pt] \hline \vphantom{\dfrac{1}{1}}V & 15\,000 & & 9000 & & 3000 & \\[12pt] \hline \end{array}\)
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- Using the table of values from (a), neatly graph the value of the boat from 0 to 5 years on the grid below. (2 marks)
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- Identify ONE limitation of this linear model. (1 mark)
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