A new car is purchased for \$14,000$14,000 and over time its value depreciates by one half every 4 years. How long, to the neare
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Answer:
Step-by-step explanation:
The manufacturing plant earned $80 per man-hour of labor when it opened
The plant earns an additional 5% for every additional man-hour t.
This can be modeled using the function:
where Initial Amount Earned, P=80
Rate of Increase, r=5%=0.05
Therefore, the function that models the amount earned at any time t is: