Math Problem Statement
A farmer buys a new tractor for $146 comma 000 and assumes that it will have a trade-in value of $79 comma 000 after 10 years. The farmer uses a constant rate of depreciation to determine the annual value of the tractor. Question content area bottom Part 1 (A) Find a linear model for the depreciated value V of the tractor t years after it was purchased. Vequals enter your response here (Type your answer in slope-intercept form.)
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Linear Equations
Slope-Intercept Form
Depreciation
Formulas
Slope formula: m = (y2 - y1) / (x2 - x1)
Linear equation: V = mt + b
Theorems
-
Suitable Grade Level
Grades 9-12