Question
On average, a $25,000 vehicle depreciates $2,000 per year as it ages. During the first 5 years, this vehicle has $0 in repair costs due
On average, a $25,000 vehicle depreciates $2,000 per year as it ages. During the first 5 years, this vehicle has $0 in repair costs due to a warranty, but starting 5 years from the date of purchase, the repair cost of the vehicle averages $1,000 per year.
SHOW ALL EXPLANATIONS AND STEPS FOR ALL PARTS OF THIS QUESTION PLEASE!
a.)
i.)Find the symbolic form of a function V(t) that models the value of the vehicle t years after purchase. Find the symbolic form of another function C(t) that models the repair costs of the vehicle t years after purchase.
V(t) = ________________ C(t) = ____________________
ii.) Explain what suitable domains might be used for each of these functions.
iii.)
Domain of V(t): __________________. Domain of C(t):______________________
iv.) Sketch the graphs of V(t) and C(t) in the same coordinate system below.
v.) One Strategy is to replace a vehicle when the total cost of repairs is equal to the current value. Find this time.
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