Problema Solution
for a truck bought today for $30000, for every year that passes the resale value will decrease by $5000.
a) how much wil the truck be worth in one year?
b) how much will the truck be worth in three years?
c) Write an equation relating resale value (V) and years past (t)
d) when will this truck have a resale value of $10000?
e) when will this truck have a resale value of $0?
Answer provided by our tutors
(a) Value in one year = $30000-$5000*1 = $25000
(b) Value in three year = $30000-$5000*3 = $15000
(c) V = $30000-$5000*t
(d) V = $30000-$5000*t = $10000, t = 4, so in four years
(e) V = $30000-$5000*t = 0 t = 6, so in six years