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CalculusQ&A LibraryAn 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 yearswill it be worth just one thousand dollars?years.Question

Asked Jan 20, 2019

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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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