A farmer buys a new tractor for $158,000 and assumes that it will have a trade-in value of $86,000 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= 158,000 – 7200t (B) What is the depreciated value of the tractor after 6 years? The depreciated value of the tractor after 6 years is $.
A farmer buys a new tractor for $158,000 and assumes that it will have a trade-in value of $86,000 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= 158,000 – 7200t (B) What is the depreciated value of the tractor after 6 years? The depreciated value of the tractor after 6 years is $.
ChapterP: Prerequisites
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![A farmer buys a new tractor for $158,000 and assumes that it will have a trade-in value of $86,000 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= 158,000 – 7200t
(B) What is the depreciated value of the tractor after 6 years?
The depreciated value of the tractor after 6 years is $.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7f947e77-62d2-4ee5-85d6-e305725e654f%2F4b492a11-bc72-4a41-9bc7-fbd2f473b5e2%2Fdlslmmg_processed.png&w=3840&q=75)
Transcribed Image Text:A farmer buys a new tractor for $158,000 and assumes that it will have a trade-in value of $86,000 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= 158,000 – 7200t
(B) What is the depreciated value of the tractor after 6 years?
The depreciated value of the tractor after 6 years is $.
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