Question

DEPRECIATION The value of a new tractor decreases by 20% each year. The initial cost of a tractor is $38,000. Write a function f(t) that can be used to project the value of the tractor t years in the future.

Answer 1

y = 0.20x(-38,000) + 38,000

Explanation:

y: represents how much the price is now.

x: Represents the number of years passed.

y = 0.20x(-38,000) + 38,000

For example if it's 1 year

y = 0.20(1) (-38,000) + 38,000

y = 0.20(-38,000) + 38,000

y = -7600 + 38,000

y = 30,400