SOLUTION: A pizza restaurant purchases new equipment for $410,000 which depreciates in value at a rate of 9% annually.
Write an equation for an exponential function f(t) that models the v
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Question 1178238: A pizza restaurant purchases new equipment for $410,000 which depreciates in value at a rate of 9% annually.
Write an equation for an exponential function f(t) that models the value of the equipment over time.
f(t)=
Found 2 solutions by ikleyn, MathLover1:
Answer by ikleyn(52788) (Show Source): You can put this solution on YOUR website!
.
f(t) = ,
where t is the time, in years.
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To see many other similar (and different) solved problems, look into the lesson
- Problems on appreciated/depreciated values
in this site.
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
The depreciation of the value is an example of exponential decay.
When a quantity decreases by a fixed percent each year, or other period of
time, the amount of that quantity after years is given by:
where is the initial amount and is the rate of decay
if given
% ->
we have
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