try it! rich is comparing the cost of maintaining his car with the depreciating value of the car. when will…

try it! rich is comparing the cost of maintaining his car with the depreciating value of the car. when will the cost and value be the same? value: starts at $20,000, decreases by 15% per year. maintenance cost: $500 the first year, increases by 28% per year. 5. explain how to use tables on a graphing calculator to answer this question.

try it! rich is comparing the cost of maintaining his car with the depreciating value of the car. when will the cost and value be the same? value: starts at $20,000, decreases by 15% per year. maintenance cost: $500 the first year, increases by 28% per year. 5. explain how to use tables on a graphing calculator to answer this question.

Answer

Answer:

  1. First, establish two functions:
    • The value function of the car $V(t)$: The initial value of the car is $V_0 = 20000$, and it decreases by 15% per - year. So the formula for the value of the car after $t$ years is $V(t)=20000\times(1 - 0.15)^t=20000\times0.85^t$.
    • The maintenance - cost function $M(t)$: The initial maintenance cost is $M_0 = 500$, and it increases by 28% per year. So the formula for the maintenance cost after $t$ years is $M(t)=500\times(1 + 0.28)^{t - 1}$ (for $t\geq1$).
  2. To use a graphing calculator's table:
    • Enter the function $Y_1 = 20000\times0.85^X$ into the graphing calculator. Here, $X$ represents the number of years $t$.
    • Enter the function $Y_2 = 500\times1.28^{X - 1}$ into the graphing calculator.
    • Then, access the table function on the graphing calculator. Set an appropriate range for the values of $X$ (e.g., start from $X = 1$ and increment by 1).
    • Look for the value of $X$ (number of years) for which $Y_1$ (value of the car) and $Y_2$ (maintenance cost) are approximately equal.

Explanation:

Step1: Define value function

$V(t)=20000\times0.85^t$

Step2: Define maintenance - cost function

$M(t)=500\times1.28^{t - 1}$

Step3: Enter functions in calculator

Enter $Y_1 = 20000\times0.85^X$ and $Y_2 = 500\times1.28^{X - 1}$

Step4: Use table function

Set range for $X$ and look for equal $Y$ values.