Math Problem Statement

A farm purchased a combine harvester valued at \[\$330{,}000\]. The value of the machine depreciates by the same amount each year so that after \[10\] years the value will be \[\$80{,}000\]. Which of the following equations gives the value, \[v\], of the harvester, in dollars, \[t\] years after it was purchased for \[0 \leq t \leq 10\] ?

Solution

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Math Problem Analysis

Mathematical Concepts

Linear equations
Depreciation

Formulas

Linear equation form: v(t) = mt + b

Theorems

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Suitable Grade Level

High School