# Smith Hauling purchased an 18-wheel truck for $100,000. The truck depreciates at the constant rate of $10,000 per year for

## Question:

Smith Hauling purchased an 18-wheel truck for $100,000. The truck depreciates at the constant rate of $10,000 per year for 10 years.

(a) Write an expression that gives the value y after x years.

(b) When is the value of the truck $55,000?

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## Step by Step Answer:

**Related Book For**

## Calculus Graphical, Numerical, Algebraic

**ISBN:** 9780132014083

3rd Edition

**Authors:** Ross L. Finney, Franklin D. Demana, Bert K. Waits, Daniel Kennedy

**Question Details**

Chapter #

**1**- Prerequisites for CalculusSection: Review Exercises

Problem: 62

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