Linear Depreciation A hospital purchases a $500,000 magnetic resonance imaging (MRI) machine that has a useful life of 9 years. The salvage value at the end of 9 years is $77,000.(a) Write a linear equation that describes the value y (in dollars) of the MRI machine in terms of the time t (in years), 0 ≤ t ≤ 9.(b) Find the value of the machine after 5 years.(c) Find the time when the value of the equipment will be $160,000.
Linear Depreciation A hospital purchases a $500,000 magnetic resonance imaging (MRI) machine that has a useful life of 9 years. The salvage value at the end of 9 years is $77,000.(a) Write a linear equation that describes the value y (in dollars) of the MRI machine in terms of the time t (in years), 0 ≤ t ≤ 9.(b) Find the value of the machine after 5 years.(c) Find the time when the value of the equipment will be $160,000.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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Linear Depreciation A hospital purchases a $500,000 magnetic resonance imaging (MRI) machine that has a useful life of 9 years. The salvage value at the end of 9 years is $77,000.
(a) Write a linear equation that describes the value y (in dollars) of the MRI machine in terms of the time t (in years), 0 ≤ t ≤ 9.
(b) Find the value of the machine after 5 years.
(c) Find the time when the value of the equipment will be $160,000.
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