A bicycle depreciates in value each year. The value of the bicycle can be represented by the function y = 250(.85)6.
1 answer:
Answer:
A=250
r= 15%
Step-by-step explanation:
Given data
We have the function
y = 250(.85)^6------------1
The given function is the same as the exponential decrease
function
P=A(b)^t---------------------2
Note
b= 1-r= 1-0.15
b= 0.85
When we compare both 1 and 2 above
A=250
r= 15%
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Answer:
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