Question
A farmer buys a new tractor for $148,000 and assumes that it will have atrade-in value of $92,000 after 10 years. The farmer uses a
A farmer buys a new tractor for $148,000 and assumes that it will have atrade-in value of $92,000 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=
5,600t+148,000
(B) What is the depreciated value of the tractor after 6 years?
The depreciated value of the tractor after 6 years is $114,400
(C) When will the depreciated value fall below $80,000?
The depreciated value will fall below $80,000 during the ?? th year.
(Round up to the nearestinteger.)
.
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