An office machine is purchased for $6400. Assume that its salvage value, V, in dollars, depreciates, according to a method called double declining balance, by 40% each year and is given by V(t)=6400(0.60)t, where t is the time, in years, after purchase. a) Find V(9), and explain its meaning. b) Find V′(9), and explain its meaning. c) When will the salvage value of the office machine be half of the purchase price
An office machine is purchased for $6400. Assume that its salvage value, V, in dollars, depreciates, according to a method called double declining balance, by 40% each year and is given by V(t)=6400(0.60)t, where t is the time, in years, after purchase. a) Find V(9), and explain its meaning. b) Find V′(9), and explain its meaning. c) When will the salvage value of the office machine be half of the purchase price
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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An office machine is purchased for
$6400.
Assume that its salvage value, V, in dollars, depreciates, according to a method called double declining balance, by
40%
each year and is given by
V(t)=6400(0.60)t,
where t is the time, in years, after purchase.a) Find
V(9),
and explain its meaning.b) Find
V′(9),
and explain its meaning.c) When will the salvage value of the office machine be half of the purchase price?
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