Resale Value The estimated resale value R (in dollars) of a company car after t years is given by R(t) = 23,939 (0.841)*. What is the rate of depreciation (in dollars per year) after 4 years? Round to the nearest cent. The car is depreciating at $ per year. NOTE: Your answer should be positive. Continuous Compound Interest LC K国 W

Calculus: Early Transcendentals
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Author:James Stewart
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Chapter1: Functions And Models
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Business calculus 

Resale Value
The estimated resale value R (in dollars) of a company car after t years is given by
R(t) = 23,939 (0.841)*.
What is the rate of depreciation (in dollars per year) after 4 years? Round to the nearest cent.
The car is depreciating at $
per year.
NOTE: Your answer should be positive.
Continuous Compound Interest
LC
K国
W
Transcribed Image Text:Resale Value The estimated resale value R (in dollars) of a company car after t years is given by R(t) = 23,939 (0.841)*. What is the rate of depreciation (in dollars per year) after 4 years? Round to the nearest cent. The car is depreciating at $ per year. NOTE: Your answer should be positive. Continuous Compound Interest LC K国 W
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