The resale value V, in dollars, of a certain car is a function of the number of years t since the year 2012. In the year 2012 the resale value is $18,000, and each year thereafter the resale value decreases by $1700. a. What is the resale value in the year 2013? b. Find a formula for V as a function of t. c. Make a graph of V versus t covering the first 4 years since the year 2012. d. Use functional notation to express the resale value in the year 2015, and then calculate that value.

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 36E: Farms in the United States The graph gives the number of farms in the United States from 1850 to...
icon
Related questions
Question

The resale value V, in dollars, of a certain car is a function of the number of years t since the year 2012. In the year 2012 the resale value is $18,000, and each year thereafter the resale value decreases by $1700.

a. What is the resale value in the year 2013?

b. Find a formula for V as a function of t.

c. Make a graph of V versus t covering the first 4 years since the year 2012.

d. Use functional notation to express the resale value in the year 2015, and then calculate that value.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Knowledge Booster
Differential Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill