A small business purchases a piece of equipment for $875. After 5 years, the equipment will be
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A small business purchases a piece of equipment for $875. After 5 years, the equipment will be outdated, having no value.
(a) Write a linear equation giving the value y of the equipment in terms of the time x (in years), 0 ≤ x ≤ 5.
(b) Find the value of the equipment when x = 2.
(c) Estimate (to two-decimal-place accuracy) the time when
the value of the equipment is $200.
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