Resale Value The estimated resale value R (in dollars) of a company car after t years is given by R(t) = 19,840 (0.777)¹. What is the rate of depreciation (in dollars per year) after 3 years? Round to the nearest cent. The car is depreciating at $ per year. NOTE: The rate of depreciation is R' (t). Your answer should be positive.

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Chapter8: Sequences, Series, And Probability
Section8.CR: Chapter Review
Problem 54E
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Resale Value
The estimated resale value R. (in dollars) of a company car after t years is
given by
R(t) 19,840 (0.777)*.
What is the rate of depreciation (in dollars per year) after 3 years?
Round to the nearest cent.
The car is depreciating at $.
per year.
NOTE: The rate of depreciation is |R' (t)]. Your answer should be
positive.
Transcribed Image Text:Resale Value The estimated resale value R. (in dollars) of a company car after t years is given by R(t) 19,840 (0.777)*. What is the rate of depreciation (in dollars per year) after 3 years? Round to the nearest cent. The car is depreciating at $. per year. NOTE: The rate of depreciation is |R' (t)]. Your answer should be positive.
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