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

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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

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Suitable Grade Level

Grades 9-12