Jeremy bought a new truck for $32,000. The value of the truck after t years can be represented by the formula V = 32,000(.8)t. When will the truck be worth approximately $6700?
The truck Jeremy bought new was $32,000. The value of the truck after T years can be represented by the formula V=32,000 (.8)T. The truck will be worth approximately $6,700 in 8 years.
Answer: After 7 years the truck will be worth of $6700.
Step-by-step explanation:
Since we have given that
Value of a new truck that Jeremy bought = $32000
The value of the truck after t years can be represented by the formula
\(V=32000(0.8)^t\\\)
We need to find the number of years after which the worth of truck will be $6700.
According to question,
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So, after 7 years the truck will be worth of $6700.