SOLUTION: The value of a camcorder bought new for $2000 decreases 20% each year. Identify the function for the value of the camcorder. Does the function represent growth or decay?
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Question 1016219: The value of a camcorder bought new for $2000 decreases 20% each year. Identify the function for the value of the camcorder. Does the function represent growth or decay?
A). V(t)=2000(0.8)^t ; growth
B). V(t)=2000(0.8)^t ; decay
C). V(t)=2000(1.2)^t ; growth
D). V(t)=2000(1.2)^t ; decay Answer by fractalier(6550) (Show Source):
