SOLUTION: a computer is purchased for $3200.00. Its value each year is about 79% of the value the preceding year. Its value, in dollars, after t years is given by the exponential function V(

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: a computer is purchased for $3200.00. Its value each year is about 79% of the value the preceding year. Its value, in dollars, after t years is given by the exponential function V(      Log On

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Question 113746: a computer is purchased for $3200.00. Its value each year is about 79% of the value the preceding year. Its value, in dollars, after t years is given by the exponential function V(t)=3200(0.79)t. Find the value of the computer after 2 years.
Found 2 solutions by checkley71, josmiceli:
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
3,200(.79)^2
3,200*.6241=$1,997.12 IS THE VALUE AFTER 2 YEARS.

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Here's one way to do it
V%28t%29=3200%2A0.79
V%281%29=3200%2A.79
V%281%29+=2528
V%282%29+=+2528%2A.79
V%282%29+=+1997.12
Now their way
V%28t%29=3200%28.79%29%5Et
V%282%29+=+3200%28.79%29%5E2
V%282%29+=+3200%2A.624
V%282%29+=+1997.12 answer