# The salvage value S (in dollars) of a company limousine after t years is estimated to be given by...

## Question:

The salvage value S (in dollars) of a company limousine after t years is estimated to be given by the formula below. Use the formula to answer the question.

S(t) =500,000(0.6){eq}^t {/eq}

What is the rate of depreciation(in dollars per year) after 1 year?

## Average Rate of Change:

From the formula {eq}\frac{f(b)-f(a)}{b-a} {/eq}, the average rate of change for a function approximates the change between two points to approximate the overall constant rate of change for a function as the input increases.

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Given: {eq}S(t) = 500,000(0.6)^t {/eq}

To estimate the rate of depreciation after a number of years, the strategy is to utilize the average rate...

Calculating & Interpreting a Function's Average Rate of Change

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Chapter 9 / Lesson 8
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The average rate of change in a given function is helpful to identify speeds and other changing variables. Learn why these are used, and how they are calculated and interpreted through examples.