e of $14,000 roughly 20 years after it was purchased. If we assume that the value of the tractor depreciates linearly from when it was first purchased.. 1) What is the annual rate of depreciation for the tractor? In
e of $14,000 roughly 20 years after it was purchased. If we assume that the value of the tractor depreciates linearly from when it was first purchased.. 1) What is the annual rate of depreciation for the tractor? In
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
Problem 60E
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A $75,000 tractor has a resale value of $14,000 roughly 20 years after it was purchased. If we assume that the value of the tractor depreciates linearly from when it was first purchased..
1) What is the annual rate of depreciation for the tractor? Include units with the answer.
2) Find a formula for the resale value (V) in years (t) after purchase if V is a linear function of t.
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