The graph shown gives the estimated value, in dollars, of a mountain …

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Text

Moving from left to right:
The curve is in quadrant

1

.
The curve trends down gradually.
The curve passes through the following approximate points:

(0, 275)

(24, 75)

The graph shown gives the estimated value, in dollars, of a mountain bike as a function of the number of months since it was purchased. What is the best interpretation of the

y

-intercept of the graph in this context?

The estimated value of the bike decreased by approximately

2.75%

each year after it was purchased.

The estimated value of the bike had decreased by

$275

in the 24 months after it was purchased.

The estimated value of the bike

24

months after it was purchased was

$275

The estimated value of the bike was

$275

when it was purchased.