Question

Depreciation is the decrease or loss in value of an item due to age, wear, or market conditions. We usually consider

Answer 1

Answer:

Part A) $V(t)=-5,750t+101,250$

Part B) $\ 55,250$

Step-by-step explanation:

Part A) Express the value of the bulldozer, V, as a function of how many years old it is, t.

Let

V ----> the value of the bulldozer (dependent variable or output value)

t ----> the number of years (independent variable or input value)

we know that

The linear function in slope intercept form is equal to

$V(t)=mt+b$

we have the ordered pairs

(0,101,250) and (15,15,000)

Find the slope

The formula to calculate the slope between two points is equal to

$m=\frac{y2-y1}{x2-x1}$

substitute

$m=\frac{15,000-101,250}{15-0}$

$m=-\ 5,750\ per\ year$ ----> is negative because is a decreasing function

The value of b is the initial value

so

$b=\ 101,250$

substitute

$V(t)=-5,750t+101,250$

Part B) The value of the bulldozer after 8 years is

For t=8 years

substitute the value of t in the linear equation

$V(t)=-5,750(8)+101,250=\ 55,250$