Precalculus: Mathematics for Calculus, 7th Edition

Published by Brooks Cole
ISBN 10: 1305071751
ISBN 13: 978-1-30507-175-9

Chapter 1 - Section 1.10 - Lines - 1.10 Exercises - Page 116: 93

Answer

(a) $V(t)=4000-900t$ (b) See the image below (c)The slope -900 represents rate of change at which the price decreases with respect to $t$. $V$-intercept represents initial price at $t=0$. (d) $\$1300$

Work Step by Step

(a) We have a linear function $V(t)$, where $V(0)=4000$ and $V(4)=200$. ($V(t)$ represents price for given $t$ years). In $4$ years the change is $3600$, it means $900$ change per year. Rate of change of $V(t)$ with respect to $t$ is $900$. So we can write the equation: $V(t)=4000-900t$ (b) We can simply input values in the equation above and sketch a line. But note, keep $t$'s value positive(Since years cannot be negative) and to avoid any error keep in interval $[0, 4]$ (Because at some point $t$ price will get negative, which is not appropriate). Graping calculator is also applicable. See the image above. (c) The slope -900 represents rate of change at which the price decreases with respect to $t$. $V$-intercept represents initial price at $t=0$. (d) $V(3)=4000-900\times3=4000-2700=1300$ $V(3)=\$1300$
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