Shane wants to buy a 3D television set. He has saved some money and is able to pay $600 as a down payment and is making monthly
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Answer:
Step-by-step explanation:
So the initial value of the business computer is $20,000. It depreciates by 15% per year. This is exponential decay. The standard function for exponential decay is:
Where <em>P </em>is the initial value, <em>r</em> is the rate of decay, and <em>t</em> is the time in years.
Since the computer decreases by 15% per year, this means that each year, the computer will be 1-15% or 85% than its previous value.
Therefore, the equation that models the value of the computer is: