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 $.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
Section: Chapter Questions
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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 $.
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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