Question 230765
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