An equipment currently worth $15,549 is expected to be worth $12,704 in 5 years. Assuming linear depreciation, a) The depreciation function D(t) for this equipment is of the form D(t)=mt+b, then m=? b) How much will the equipment worth in 1 year?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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An equipment currently worth $15,549 is expected to be worth $12,704 in 5 years. Assuming linear depreciation, a) The depreciation function D(t) for this equipment is of the form D(t)=mt+b, then m=? b) How much will the equipment worth in 1 year?
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