The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions. S(t)=800,000(0.9) What is the rate of depreciation (in dollars per year) after 1 year? $ per year

The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions. S(t)=800,000(0.9) What is the rate of depreciation (in dollars per year) after 1 year? $ per year

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.7: Exponential And Logarithmic Models

Problem 36SE: For the following exercises, use this scenario: A tumor is injected with 0.5 grams of Iodine-125,...

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Do not round until the final answer. Then round to the nearest cent as needed.

The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions.
S(t)=800,000(0.9)
What is the rate of depreciation (in dollars per year) after 1 year?
$
per year

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