Desmos Graphing Calculator

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Math·Problem-Solving and Data Analysis·Two-variable data: Models and scatterplots

medium

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?

A

The estimated value of the bike decreased by approximately $2.75\%$ each year after it was purchased.

B

The estimated value of the bike had decreased by $\$275$ in the 24 months after it was purchased.

C

The estimated value of the bike $24$ months after it was purchased was $\$275$.

D

The estimated value of the bike was $\$275$ when it was purchased.