ANSWER
Or
EXPLANATION
Let us find the gradient of the line:
by rewriting it in the slope intercept form.
We divide through by 4 now;
This is now in the form;
where
is he slope.
This implies that the slope of the line that is perpendicular to this line will be the negative reciprocal of .
Thus the perpendicular line has slope,
.
Let the perpendicular line have equation,
When we substitute the slope we have;
We substitute the point. to find c.
We substitute c to obtain;
Or
Answer: $ 125987.80
Step-by-step explanation:
Given: The value, V(t) of $393,000 worth of assets after t years, that depreciate at 15% per year, is given by the formula
, here
is the initial asset value and b is the multiplicative decay factor.
The exponential decay function is given by ;-
, where A is the initial value , x is the times period and b is the multiplicative decay factor.
where b = 1-r, r is the rate of decay.
Since r = 15%=0.15
Therefore, b = 1-0.15=0.85
Now ,for 7 years , the value of assets is given by :-
Hence, the assets valued at after 7 years = $ 125987.80