SOLUTION: Yeah it is lil' ole me again...you folks are wonderful! I wish I was as intellengent as you are...what a gift! The fax corp. bought a fax machine for $700 the fax machine depric

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Question 230765: Yeah it is lil' ole me again...you folks are wonderful! I wish I was as intellengent as you are...what a gift!
The fax corp. bought a fax machine for $700 the fax machine depriciates at a rate of %25 a month.
Find a function F that can be used to determine the value of the fax machine t months after purchase.
F(t)= ?
Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
The fax corp. bought a fax machine for $700 the fax machine depreciates at a rate of %25 a month.
Find a function F that can be used to determine the value of the fax machine t months after purchase.
:
F(t)= 700 * (1-.25)^t, where t is the time in months
:
That's quite a bit of depreciation, in two years it would worth about 70 cents