Smith Hauling purchased an 18-wheel truck for$100,000. The truck depreciates at the constant rate of $10,000per year for 10 years.(a) Write an expression that gives the value y after x years.(b) When is the value of the truck $55,000?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter2: Graphical And Tabular Analysis
Section2.3: Solving Linear Equations
Problem 1TU: In the situation of the example, how long could you keep the car if your expense account allowed...
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Smith Hauling purchased an 18-wheel truck for
$100,000. The truck depreciates at the constant rate of $10,000
per year for 10 years.
(a) Write an expression that gives the value y after x years.
(b) When is the value of the truck $55,000?

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