A delivery truck is purchased new for $59,000. Part 1 of 4 (a) Write a linear function of the form y=mt+b to represent the value y of the vehicle t years after purchase. Assume that the vehicle is depreciated by $6520 per year. y= 6520t + 59000 Part 2 of 4 (b) Suppose that the vehicle is depreciated so that it holds 70% of its value from the previous year. Write an exponential function of the form y=Vb', where Vo is the initial value and t is the number of years after purchase. y=ロ Part 3 of 4 (c) To the nearest dollar, determine the value of the vehicle after 4 yr and after 6 yr using the linear model. According to the linear model, the vehicle will be worth $ after 4 years, and $ after 6 years.
A delivery truck is purchased new for $59,000. Part 1 of 4 (a) Write a linear function of the form y=mt+b to represent the value y of the vehicle t years after purchase. Assume that the vehicle is depreciated by $6520 per year. y= 6520t + 59000 Part 2 of 4 (b) Suppose that the vehicle is depreciated so that it holds 70% of its value from the previous year. Write an exponential function of the form y=Vb', where Vo is the initial value and t is the number of years after purchase. y=ロ Part 3 of 4 (c) To the nearest dollar, determine the value of the vehicle after 4 yr and after 6 yr using the linear model. According to the linear model, the vehicle will be worth $ after 4 years, and $ after 6 years.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
Problem 60E
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