After t years, the value of a car purchased for $24,900 is given below.
V(t) = 24,900
7
8
t
(a)
Use a graphing utility to graph the function and determine the value of the car (in dollars) 4 years after it was purchased. (Round your answer to two decimal places).
V(4) = $
14,595.92
Correct: Your answer is correct.
(b)
Find the rates of change of V with respect to t when t = 1 and t = 9. (Round your answers to two decimal places.)
at
t = 1
at t=9
Use a graphing utility to graph V ′(t) and determine the horizontal asymptote of V ′(t).
V ′ =
Interpret its meaning in the context of the problem.