A certain truck depreciates according to the formula where V is the value of the truck (in
Question:
A certain truck depreciates according to the formula
where V is the value of the truck (in dollars), t is time measured in years, and t = 0 represents the time of purchase (in years). Find and interpret the rate at which the value of the truck is changing at the following times.
(a) 2 years
(b) 4 years
Transcribed Image Text:
V = 60,000 1+0.3t+ 0.11²¹
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