Real-World Applicationshard
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A construction company has equipment that depreciates following V(t)=V0ektV(t) = V_0 e^{-kt}, where V0V_0 is initial value and kk is the decay constant. A bulldozer costs $180,000 new. After 5 years, its value is $95,000. If the company plans to sell the bulldozer when its value drops to $50,000, how many years after purchase will this occur?