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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
16 Oct 2021

Given information

Period of time is years.

Assume the car is well maintained.

Step-by-step explanation

Step 1.

Take the time period of years in the -axis and the market value over the year in the -axis.

We know that as the year passes and the car is well maintained, the price value or market value of the car depreciates.

The relation between the year and the market value is a function of time.

Thus, the required rough graph of the market value of a new car over a period of years is shown below:

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