The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions. S(t)=800,000(0.9) What is the rate of depreciation (in dollars per year) after 1 year? $ per year
The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions. S(t)=800,000(0.9) What is the rate of depreciation (in dollars per year) after 1 year? $ per year
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter13: Sequences And Series
Section13.CR: Chapter Review
Problem 65E
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Do not round until the final answer. Then round to the nearest cent as needed.
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