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A farmer buys a new tractor for $159,000 and assumes that it will have a trade-in value of $87,000 after 10 years.
A farmer buys a new tractor for $159,000 and assumes that it will have a trade-in value of $87,000
after 10 years. The farmer uses a constant rate of depreciation to determine the annual value of the tractor.
(A) Find a linear model for the depreciated value V of the tractor t years after it was purchased.
V=_______
( answer in slope-intercept form.)
(B) What is the depreciated value of the tractor after 6
years? The depreciated value of the tractor after 6 years is _________.
(C) When will the depreciated value fall below $50,000
The depreciated value will fall below $50,000 during the ______year.
(Round up to the nearest integer.)
(D) Graph V for 0 less than or equals≤tless than or equals≤20.
Choose the correct graph below.
