A farmer buys a new tractor for $158,000 and assumes that it will have a trade-in value of $86,000 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=

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.FOM: Focus On Modeling: Fitting Lines To Data
Problem 5P
icon
Related questions
Question
A farmer buys a new tractor for $158,000 and assumes that it will have a trade-in value of $86,000 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 =
Transcribed Image Text:A farmer buys a new tractor for $158,000 and assumes that it will have a trade-in value of $86,000 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 =
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
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
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage