For a particular model of car, bought in 1987 for £4750, the second-hand value after t years is given fairly accurately by the formula price = £e®41-0.189t The running costs of the car increase as the car gets older, so after t years the annual running cost is £(917 + 163t). When should it be replaced?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question
For a particular model of car, bought in 1987 for £4750, the second-hand value after
t years is given fairly accurately by the formula
price = £e8.41-0.189t
The running costs of the car increase as the car gets older, so after t years the annual
running cost is £(917 + 163t). When should it be replaced?
Transcribed Image Text:For a particular model of car, bought in 1987 for £4750, the second-hand value after t years is given fairly accurately by the formula price = £e8.41-0.189t The running costs of the car increase as the car gets older, so after t years the annual running cost is £(917 + 163t). When should it be replaced?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Rate of Change
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,