Question 742466

Please help I can read these problems all day but I can never figure them out!

Wyatt has recently bought a corn harvester for $48,000. For the purpose of assessing property taxes, the value of the harvester depreciates according to the formula V(t) = 48,000𠃂.2t, where t is the age of the harvester in years. What is the tax value of the harvester when it is 4 years old?


Your formula doesn't look right. Shouldn't it be: V(t) = {{{highlight_green(48000(1-0.2)^t))}}}?