MATH SOLVE

4 months ago

Q:
# Product #1: iTech Device The current resale value is $300. The resale value is expected to decrease by 30% per year for the next several years. Product #2: Dynasystems Device The current resale value is $300. The resale value is expected to decrease $45 per year for the next several years. Define formulas to model the expected resale value, V, in dollars for each device as functions of the number of years from now, x.

Accepted Solution

A:

Answer:Net resale value after x years for product #1 is $300 - $90xNet resale value after x years for product #2 is $300 - $45xStep-by-step explanation:Resale value of product 1 = $300Decrease in resale value = 30% per yearThus, Net resale value after x years will be = Initial Resale value - x( 30% of $300 )or= $300 - x( 0.3 Γ $300 )= $300 - $90xHence,Net resale value after x years for product #1 is $300 - $90xResale value of product 2 = $300Decrease in resale value = $45 per yearThus, Net resale value after x years will be = Initial Resale value - $45xor= $300 - $45xHence,Net resale value after x years for product #2 is $300 - $45x