A bus was purchased for $80,000. Assuming the bus depreciates at a rate of $5,000 per year (straight-line depreciation) for the first 10 years, write the value v of the bus as a function of the time t (measured in years) for 0 ≤ t ≤ 10.
Value of bus after 1 year = $80000 - $5000 x 1 = $ 75000
Value of bus after 2 year = $80000 - $5000 x 2 = $ 70000
Value of bus after t years,v = $80000 - $5000 x t (where 0 ≤ t ≤ 10)
You can find the value of bus after any year between 0 to 10 by substituting value of t
Such as Value of 10 yrs = 80000- 5000 *10 = 80000-50000 = $ 30000
Hence Answer : v = $80000 - $5000 x t
Dear student: Please find the solution enclosed
here with .. In case of any doubt please feel free to ask… If you are having some other
problem please feel free to contact me for quick & quality services..Use my promo code: Saroj N or link: studypool.com?aid=Saroj N, and get $10 Free.
May 14th, 2015
Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.