I am confuse try this several times and didnot work, please help. Product #1: iTech Device The current resale value is $300. The resale value is expected to decrease by 30% per year for the next several years.Product #2: Dynasystems Device The current resale value is $300. The resale value is expected to decrease $45 per year for the next several years. Define formulas to model the expected resale value, V, in dollars for each device as functions of the number of years from now, x.iTech    Dynasystems

Question
Asked Oct 13, 2019

 

I am confuse try this several times and didnot work, please help.

 

  • Product #1: iTech Device The current resale value is $300. The resale value is expected to decrease by 30% per year for the next several years.
  • Product #2: Dynasystems Device The current resale value is $300. The resale value is expected to decrease $45 per year for the next several years.

 

Define formulas to model the expected resale value, V, in dollars for each device as functions of the number of years from now, x.

  1. iTech
        
  2. Dynasystems
        

check_circleExpert Solution
Step 1

Product 1:

The current resale value is $300. Its decreasing at the rate of 30% per years.

Product 2:

The current resale value is $300. Its decreasing at the rate of $45 per years.

Step 2

For product 1:

P $300
R 30%
help_outline

Image Transcriptionclose

P $300 R 30%

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Step 3

The price after o...

V 300 300 x30%
30
x
V
= 300 -300
100
V 300 90
V $210
help_outline

Image Transcriptionclose

V 300 300 x30% 30 x V = 300 -300 100 V 300 90 V $210

fullscreen

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