SOLUTION: A bulldozer was purchased by a construction company for $224,000 and has a depreciated value of $100,000 after 8 years. If the value is depreciated linearly from $224,000 to $100,0

Algebra ->  Linear-equations -> SOLUTION: A bulldozer was purchased by a construction company for $224,000 and has a depreciated value of $100,000 after 8 years. If the value is depreciated linearly from $224,000 to $100,0      Log On


   

Question 1075760: A bulldozer was purchased by a construction company for $224,000 and has a depreciated value of $100,000 after 8 years. If the value is depreciated linearly from $224,000 to $100,000,
(A) Find the linear equation that relates value V (in dollars) to time t (in years).
(B) What would be the depreciated value after 12 years?


Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
It has depreciated 124000 in 8 years, which is $15,500 per year.
at 0 years (y-intercept), the value was $224,000
The equation is y=224000-15500x.
After 12 years, because 15,500*12=186,000, the value is $224,000-$186,000=$38,000.