Concept explainers
Resale Value: The resale value V, in dollars, of a certain car is a function of the number of year t since the year 2012. In the year 2012, the resale ale is $18,000 and each year thereafter the resale value decreases by $1700.
a. What is the resale value in the year 2013?
b. Find a formula for V as a function of t.
c. Make a graph of V versus t covering the first 4 years since the year 2012.
d. Use functional notation to express the resale value in the year 2015, and then calculate that value.
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