A farmer depreciates a $120,000 tractor. He estimates that the resale value V t in $1000 of the tractor t years after purchase is 80 % of its value from the previous year. Therefore, the resale value can be approximated by V t = 120 0.8 t . a. Find the resale value 5 yr after purchase. Round to the nearest $1000 . b. The farmer estimates that the cost to run the tractor is $ 18 / hr in labor, $36 / hr in fuel, and $22 / hr in overhead colts (for maintenance and repair). Estimate the farmer's cost to run the tractor for the first year if he runs the tractor for a total of 800 hr. Include hourly costs and depreciation.
A farmer depreciates a $120,000 tractor. He estimates that the resale value V t in $1000 of the tractor t years after purchase is 80 % of its value from the previous year. Therefore, the resale value can be approximated by V t = 120 0.8 t . a. Find the resale value 5 yr after purchase. Round to the nearest $1000 . b. The farmer estimates that the cost to run the tractor is $ 18 / hr in labor, $36 / hr in fuel, and $22 / hr in overhead colts (for maintenance and repair). Estimate the farmer's cost to run the tractor for the first year if he runs the tractor for a total of 800 hr. Include hourly costs and depreciation.
A farmer depreciates a
$120,000
tractor. He estimates that the resale value
V
t
in $1000
of the tractor t years after purchase is
80
%
of its value from the previous year. Therefore, the resale value can be approximated by
V
t
=
120
0.8
t
.
a. Find the resale value 5 yr after purchase. Round to the nearest
$1000
.
b. The farmer estimates that the cost to run the tractor is
$
18
/
hr
in labor,
$36
/
hr
in fuel, and
$22
/
hr
in overhead colts (for maintenance and repair). Estimate the farmer's cost to run the tractor for the first year if he runs the tractor for a total of 800 hr. Include hourly costs and depreciation.
Each spin costs $2. If the spinner lands on C the
player wins a dime, if the spinner stops on A the
player wins $9 otherwise the player wins nothing.
Calculate the players expected winnings. Express
your answer to at least three decimal places in
dollar form..
Answer: $
3/11
A
4/11
B
D
C
2/11
2/11
0. An investment of $1500 paid interest of $120.
How much interest would
$2000 invested at the same rate for the same amount pay?
Ch. 3 -...
E Charlotte Breman -..
YETI! - Google Slides
Question Details
A laptop has a listed price of $635.95 before tax. If the
sales tax rate is 9.25%, find the total cost of the laptop
with sales tax included. Round your answer to the
nearest cent, as necessary. Show your setup, calculator
ok.
9:27 AM
2/24/2021
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