Asked by Jess

A charter fishing company buys a new boat for $224,000 and assumes that it will have a trade-in value of $115,200 after 16 years. Find a linear model for the depreciated value V of the boat t years after it was purchased.

Answers

Answered by Reiny
change in value = 224000-115200 = 108800
change in time = 16 yrs

rate of change = 108800/16 = 6800

value = -6800t + 224000 , where t is the number of years
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