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devlian [24]
3 years ago
11

The resale value of a bike decreases by 14% per year. A new bike is valued at $350. Approximate the resale value after 4 years t

o the nearest dollar.
Mathematics
1 answer:
Ray Of Light [21]3 years ago
7 0

Answer: $‭191.45

Step-by-step explanation:

This question requires the price of a bike in future so you can use the future value formula to calculate it:

Future value = Amount * (1 + rate)^ no. of periods

= 350 * (1 - 14%)⁴

= 350 * ‭0.54700816‬

= $‭191.45

<em>The rate is subtracted from 1 instead of being added to represent that the value is decreasing not increasing. </em>

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This can be easily solved, especially with a calculator.
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Using either method, we obtain:  t^\frac{3}{8}

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The integral itself can be evaluated by writing the root and exponent of the variable u as:   \sqrt[8]{u^3} =u^{\frac{3}{8}

Then, an antiderivative of this is: \frac{8}{11} u^\frac{3+8}{8} =\frac{8}{11} u^\frac{11}{8}

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\frac{d}{dt} (\frac{8}{11} t^\frac{11}{8})=\frac{8}{11}\,*\,\frac{11}{8}\,t^\frac{3}{8}=t^\frac{3}{8}

b) by differentiating the integral directly: We use Part 1 of the Fundamental Theorem of Calculus which states:

"If f is continuous on [a,b] then

g(x)=\int\limits^x_a {f(t)} \, dt

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Since this this function u^{\frac{3}{8} is continuous starting at zero, and differentiable on values larger than zero, then we can apply the theorem. That means:

\frac{d}{dt} \int\limits^t_0 {u^\frac{3}{8} } } \, du=t^\frac{3}{8}

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