Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN: 9781133382119
Author: Swokowski
Publisher: Cengage
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Please help on all asked questions. Please show all work and steps. Please circle the final answer. Please avoid using any calculus when solving please.

3. A vehicle depreciates by 25% each year. Its value, VVV, in dollars, as a function of time, t, in
years, can be modeled by the function V(t) = 28000(0.75').
a. What was the initial value of the vehicle? Explain your reasoning.
b. How long will it take for the vehicle to depreciate to half its initial value, rounded to the
nearest tenth of a year?
c. After how many years will the vehicle's value be reduced to $5,000? Provide your
answer to the nearest tenth of a year.
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Transcribed Image Text:3. A vehicle depreciates by 25% each year. Its value, VVV, in dollars, as a function of time, t, in years, can be modeled by the function V(t) = 28000(0.75'). a. What was the initial value of the vehicle? Explain your reasoning. b. How long will it take for the vehicle to depreciate to half its initial value, rounded to the nearest tenth of a year? c. After how many years will the vehicle's value be reduced to $5,000? Provide your answer to the nearest tenth of a year.
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