Question
Asked Jan 20, 2019
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An important piece of construction equipment was worth 940 thousand dollars new. Then 25 years later it was worth $470 thousand dollars.
Find an exponential model for the value V0) (in thousands of dollars) of the equipment after / years and use it to determine in how many years
will it be worth just one thousand dollars?
years.
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An important piece of construction equipment was worth 940 thousand dollars new. Then 25 years later it was worth $470 thousand dollars. Find an exponential model for the value V0) (in thousands of dollars) of the equipment after / years and use it to determine in how many years will it be worth just one thousand dollars? years.

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Step 1

Now, we are going to find

1.The exponential model for v(t) of the equipment after t years and

2.After how many years equipment worth is one thousand dollars.

Step 2

given data,

initially  equipment worth =940 thousand dollars

after 25 years equiment worth=470 thousand dollars

worth of equipment after t years=V(t)

Step 3

The exponential model is given by&nbs...

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Calculus

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