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
change in time = 16 yrs
rate of change = 108800/16 = 6800
value = -6800t + 224000 , where t is the number of years
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.