The value, V dollars, of a machine t years after purchase is modelled by V=3000e-0.25t+500. (i) Stat

Question

The value, V dollars, of a machine t years after purchase is modelled by V=3000e-0.25t+500. (i) State the initial value of the machine. (ii) Find its value after 4 years. (iii) State the value that V approaches after many years.

Accepted Answer

(i) $\$3500$ (ii) $\$1600$ (3 s.f.) (iii) $V$ approaches $\$500$.

Depreciation model

Depreciation model

Solution:

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