A veterinarian depreciates a $10,000 X-ray machine. He estimates that the resale value V(t) (in $) after t years is 90% of its value from the previous year. Therefore, the resale value can be approximated by V(t) = 10,000(0.9)t a. Find the resale value after 4 yr. b. If the veterinarian wants to sell his practice 8 yr after the X-ray machine was purchased, how much is the machine worth? Round to the nearest $100.
A veterinarian depreciates a $10,000 X-ray machine. He estimates that the resale value V(t) (in $) after t years is 90% of its value from the previous year. Therefore, the resale value can be approximated by V(t) = 10,000(0.9)t a. Find the resale value after 4 yr. b. If the veterinarian wants to sell his practice 8 yr after the X-ray machine was purchased, how much is the machine worth? Round to the nearest $100.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 15T
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A veterinarian depreciates a $10,000 X-ray machine. He estimates that the resale value V(t) (in $) after t years is 90% of its value from the previous year. Therefore, the resale value can be approximated by V(t) = 10,000(0.9)t a. Find the resale value after 4 yr. b. If the veterinarian wants to sell his practice 8 yr after the X-ray machine was purchased, how much is the machine worth? Round to the nearest $100.
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