Question

The value of a truck after t years is represented by the function f(t)=22,200(0.92)t .

What does the value 22,200 represent in this situation?



The value of the truck decreases by $22,200 each year.
The initial value of the truck is $22,200.
The value of the truck increases by $22,200 each year.
The value of the truck after t years is $22,200.

Answer 1

The initial value of the truck is $22,200

Step-by-step explanation:

Answer 2

ANSWER:
The initial value of the truck is $22,200

Step-by-step explanation:
For the given function

f(t) = 22,200(0.92)^t

We know that at t = 0, we have

f(0) = 22,200(0.92)^0 = 22,200

which is the value of the truck initially. So, the correct answer is

The initial value of the truck is $22,200