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A $24,000 vehicle depreciates $1500 a year as it goes. Repaircosts are $2000 per year.
Please help with graph too!
A $24,000 vehicle depreciates $1500 a year as it ages. Repair costs are $2000 per year. (a) Write formulas for each of the two linear functions at time t, value V(t), and repair costs to date C(t). Graph them. V (t) C(t) $ (thousands) 25 20 15 - 24000 1500 t T = V (t) T = 6 V(t). 8 t (years) 10 14 16 18 (b) One strategy is to replace a vehicle when the totalcost of repairs is equal to the current value. Find this time T. NOTE: Enter the exact answer, or round to three decimals places. years C'(t) years - 2000 t 12 C(t)‒‒‒‒‒‒‒ (c) Another strategy is to replace the vehicle when the value of the vehicle is some percent of the original value. Find the time T when the value is 6%. NOTE: Enter the exact answer, or round to three decimals places. 20