The initial price of the car is $20500 and it loses $700 each year.
This is an example of a linear function, where we can write the following function:
[tex]V(t)=20500-700t[/tex]And, as you can notice, since 2011 there are 8 years until 2019, so, to find the value of the car in 2019 we make t=8:
[tex]\begin{gathered} V(8)=20500-700(8) \\ V(8)=20500-5600 \\ V(8)=14900 \end{gathered}[/tex]The value of the car in 2019 is $14900
