Question

Need help ASAP

1) A new truck that sells for $42,000 depreciates 11% each year. write a function that models the value of the truck. Find the value of the truck after 8 years. Round to the nearest dollar.

2) Earl mows lawns one weekend. He earns $15 for each lawn that he mows. He spends $50 on gas and other supplies. What function equation represents Earl's profit from mowing x lawns?

A)f(x)=50x-15
B)f(x)=50x+15
C)f(x)=15x-50
D)f(x)=15+50

3) find the common geometric series.
-2,-4,-8,-16.....

Answer 1

Answer:

$\boxed{1) V = 40 000(0.89)^{n}, \text{\ 15 746; }\text{2) C) f(x) = 15x - 50 ; 3) }a_{n} = -2^{n}}$

Step-by-step explanation:

1) Depreciation

The formula for the value V of an asset after depreciation by an annual percentage rate is  

V = P(1 - r)ⁿ

where

P = present value

r = annual percentage rate

n = number of years

Data:

V = 40 000

r = 11 % = 0.11

n = 8 yr

Calculations:

(a) Function model

V= 40 000(1 - 0.11)ⁿ = 40 000(0.89)ⁿ

The function model is $\boxed{ V= 40 000(0.89)^{n} }$

(b) Future value

V = 40 000(0.89)ⁿ = 40 000 × 0.393 659 = $15 746

In eight years, the truck will be worth $\boxed{ \text{\ 15 476}}.$

2) Profit function

Income from 1 lawn = $15

  Income from x lawns =  15x

Less gas and supplies =         -50        

                 Net income = 15x – 50

The function is $\boxed{f(x) = 15x - 50}$.

3) Geometric series

(a) Calculate the common ratio

a₁ = -2

a₂ = -4

a₃ = -8

a₄ = =16

The ratios of consecutive pairs are

a₄/a₃ = -16/(-8)  = 2

a₃/a₂ =   -8/(-4)  = 2

a₂/a₁ =   -4/(-2)  = 2

All adjacent pairs have the same common ratio r = 2.

(b) Write the formula for the series

The formula for the nth term of a geometric series is

aₙ = a₁rⁿ⁻¹

If a₁ = -2, the formula for the series is

aₙ = -2(2)ⁿ⁻¹ = -2ⁿ

The formula for the series is $\boxed{a_{n} = -2^{n}}$.