A rental car company purchased a new Toyota Camry for $35,000. The company determined this asset should be depreciated for six years using the straight-line depreciation method. At the end of six years, the car will be worth $30,500. Write an algebraic model to find the value of the car given the years since purchase. Use “V” for the value of the vehicle and “T” for the years since purchase.
A rental car company purchased a new Toyota Camry for $35,000. The company determined this asset should be depreciated for six years using the straight-line depreciation method. At the end of six years, the car will be worth $30,500. Write an algebraic model to find the value of the car given the years since purchase. Use “V” for the value of the vehicle and “T” for the years since purchase.
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.S: Summary
Problem 6S
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A rental car company purchased a new Toyota Camry for $35,000. The company determined this asset should be depreciated for six years using the straight-line depreciation method. At the end of six years, the car will be worth $30,500.
Write an algebraic model to find the value of the car given the years since purchase. Use “V” for the value of the vehicle and “T” for the years since purchase.
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