A charter fishing company buys a new boat for $224,000 and assumes that it will have a trade-in value of $115,200 after 16 years.
a. Find a linear model for the depreciated value V of the boat t years
after it was purchased.
b. What is the depreciated value of the boat after 10 years?
c. When will the depreciated value fall below $100,000?
d. Graph V for 0 ≤ t ≤ 30 and illustrate the answers from (b) and
(c) on the graph.
Answers
First, according to the information, we build a linear model, and then, the model is used to find the information asked.
a) The linear model is:
[tex]V(t) = 224000 - 6800t[/tex]
b) The depreciated value of the boat after 10 years is of $156,000.
c) The depreciated value falls below $100,000 after 18.24 years.
d) The sketch is given at the end of the answer.
Item a:
The initial value is of $224,000, thus, the y-intercept of the linear function is of [tex]b = 224000[/tex].The value decayed to $115,200 in 16 years, thus, the slope of the linear function is:[tex]m = \frac{115200 - 224000}{16} = -6800[/tex]
Then, the linear model is:
[tex]V(t) = 224000 - 6800t[/tex]
Item b:
The value after 10 years is V(10), so:
[tex]V(10) = 224000 - 6800(10) = 156000[/tex]
Then, the depreciated value of the boat after 10 years is of $156,000.
Item c:
This is t for which: V(t) = 100000. So
[tex]V(t) = 224000 - 6800t[/tex]
[tex]100000 = 224000 - 6800t[/tex]
[tex]6800t = 224000 - 100000[/tex]
[tex]6800t = 124000[/tex]
[tex]t = \frac{124000}{6800}[/tex]
[tex]t = 18.24[/tex]
The depreciated value falls below $100,000 after 18.24 years.
Item d:
The sketch is appended at the end of this answer.
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Answer:
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1
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Step-by-step explanation:
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• The sales tax was 7.5% of the price of the meal.
• The tip was 25% of the price of the meal and the sales tax.
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Answers
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• The price of his meal was $12.35.
• The sales tax was 7.5% of the price of the meal.
• The tip was 25% of the price of the meal and the sales tax.
We have to determine the nearest cent, how much total money did Carl pay for breakfast including the price of his meal, sales tax, and tip.
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Find 25% of 152:
Find 75% of 152:
Answers
50% of 152 = 76
25% of 152 = 38
75% of 152 = 114
Sorry if im wrong
Answer:
76
38
114
Step-by-step explanation:
50% of 152
= ( 50 / 100 ) x 152
= ( 1 / 2 ) x 152
= 152 / 2
= 76
25% of 152
= ( 25 / 100 ) x 152
= ( 1 / 4 ) x 152
= 152 / 4
= 38
75% of 152
= ( 75 / 100 ) x 152
= ( 3 / 4 ) x 152
= ( 3 x 152 ) / 4
= 3 x 38
= 114