Question

A motor scooter purchased for $1,000 depreciates at an annual rate of 15%. Write an exponential function, and graph the function. Use the graph to predict when the value will fall below $100.

Answer 1

 i suppose that t is an exponent. so let: v(t)=final prize of the scooter...t=time in years.....p=initial prize of the scooter . r= rate of depreciation per year so v(t)=p(1-r)^t....