Business-Depreciation. A charter fishing company buys a new boat for $224,000 and assumes that it will have a trade-in value of $115,200 after 16 years. (A) Find a linear model for the depreciated value V of the boat t years after it was purchased. (B) What is the depreciated value of the boat after 10 years? (C) When will the depreciated value fall below $100,000? (D) Graph V for 0 ≤ t ≤ 30 and illustrate the answers from (B) and (C) on the graph.
Business-Depreciation. A charter fishing company buys a new boat for $224,000 and assumes that it will have a trade-in value of $115,200 after 16 years. (A) Find a linear model for the depreciated value V of the boat t years after it was purchased. (B) What is the depreciated value of the boat after 10 years? (C) When will the depreciated value fall below $100,000? (D) Graph V for 0 ≤ t ≤ 30 and illustrate the answers from (B) and (C) on the graph.
Business-Depreciation. A charter fishing company buys a new boat for
$224,000
and assumes that it will have a trade-in value of
$115,200
after 16 years.
(A) Find a linear model for the depreciated value
V
of the boat
t
years after it was purchased.
(B) What is the depreciated value of the boat after 10 years?
(C) When will the depreciated value fall below
$100,000?
(D) Graph
V
for
0
≤
t
≤
30
and illustrate the answers from (B) and (C) on the graph.
A farmer buys a new tractor for $156,000 and assumes that it will have a trade-in value of $78,000 after 10 years. The farmer uses a constant rate of depreciation to determine the annual value of the tractor
(A) Find a linear model for the depreciated value V of the tractor t years after it was purchased
v=0
(Type your answer in slope-intercept form.)
(8) What is the depreciated value of the tractor after 6 years?
The depreciated value of the tractor after 6 years is
(C) When will the depreciated value fall below $80,000?
The depreciated value will tall below $80,002 during the year.
(Round up to the nearest integer)
(D) Graph V for Osts 20. Choose the correct graph below
OA
170.000
85.000
OB.
170,000
85,000
10
ос
170,000
11
85 000
Audrey buys a performance snow mobile for $71,000 and assumes it will have a trade in value of $51,830 after 9 years. Find a linear model for the depreciated value V of the snow mobile t years after it was purchased, and give the depreciated of the snow mobile after 21 years.
can you help me figure this out
Chapter 1 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
A Survey of Mathematics with Applications (10th Edition) - Standalone book
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.