Question

A new truck costs $32000. The truck's value depreciates over time which means it loses value


A new truck costs $32000. The truck's value depreciates over time which means it loses value. For tax purposes depreciation is calculated linearly. So V (current value) is equal to the P (original price) -n (years) times x (depreciation value). V = P- nx.f t 


Ihe truck is worth $24,500 after three years find the depreciation value constant x. Now use that to write a formula write a general formula for the value (V) after n years. Your equation will only have n and V as variables. Using that formula find the value of this truck after 10 years. Find the age of the truck when the value is $0. 


Turn in the following 

  • value of X (depreciation constant) 

  • general formula with V and n as variables 

  • value of truck after 10 years .

  • age of the truck when its value is zero. 



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