Question

The estimated salvage value of a company airplane after t years is given by s(t) = 300,000(0.9)ᵗ. What is the estimated salvage value of the airplane after 5 years?

Answer 1

The estimated salvage value of the airplane after 5 years is approximately $177,147.

Step-by-step explanation:

To find the estimated salvage value of the airplane after 5 years, we can substitute t = 5 into the formula for s(t).

s(t) = 300,000(0.9)t

s(5) = 300,000(0.9)5

s(5) = 300,000(0.59049)

s(5) ≈ $177,147

Therefore, the estimated salvage value of the airplane after 5 years is approximately $177,147.