State the practical meaning of the slope and y-intercept for the situation described. The cost, in dollars, of retaining the ser
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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: