The estimated resale value R (in dollars) of a company car after t years is given by R(t) 17,453 (0.831)*. What is the rate of depreciation (in dollars per year) after 5 years? Round to the nearest cent. The car is depreciating at $ per year. NOTE: The rate of depreciation is [R'(t)]. Your answer should be positive.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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The estimated resale value R (in dollars) of a company car after t years is given by
R(t) 17,453 (0.831)*.
What is the rate of depreciation (in dollars per year) after 5 years? Round to the nearest cent.
The car is depreciating at $
per year.
NOTE: The rate of depreciation is [R'(t)]. Your answer should be positive.
Transcribed Image Text:The estimated resale value R (in dollars) of a company car after t years is given by R(t) 17,453 (0.831)*. What is the rate of depreciation (in dollars per year) after 5 years? Round to the nearest cent. The car is depreciating at $ per year. NOTE: The rate of depreciation is [R'(t)]. Your answer should be positive.
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