The resale value V, in thousands of dollars, of a boat is a function of the number of years t since the start of 2011, and the formula is V = 12.5 − 1.7t. (a) Calculate V(3). ________thousand dollar   Explain in practical terms what your answer means. This means that the resale value of the boat will be ______ thousand dollars at the start of the year ______.   (b) In what year will the resale value be 5.7 thousand dollars?   (c) Solve for t in the formula above to obtain a formula expressing t as a function of V. t=   (d) In what year will the resale value be 2.3 thousand dollars?

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter2: Graphical And Tabular Analysis
Section2.3: Solving Linear Equations
Problem 7E: Resale Value The resale value V, in thousands of dollars, of a boat is a function of the number of...
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The resale value V, in thousands of dollars, of a boat is a function of the number of years t since the start of 2011, and the formula is

V = 12.5 − 1.7t.
(a) Calculate V(3).
________thousand dollar
 
Explain in practical terms what your answer means.
This means that the resale value of the boat will be ______ thousand dollars at the start of the year ______.
 
(b) In what year will the resale value be 5.7 thousand dollars?
 
(c) Solve for t in the formula above to obtain a formula expressing t as a function of V.
t=
 
(d) In what year will the resale value be 2.3 thousand dollars?
 
 
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