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Max bought a new speed boat that cost of $33,000. The boat depreciates approximately 18% of its value each year. Write an equation to model the decay value of the speed boat.
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Max bought a new speed boat that cost of $33,000. The boat depreciates approximately 18% of its value each year. Write an equation to model the decay value of the speed boat.

User Klasik
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2 Answers

4 votes

Answer:

F=33000(0.82)^t

User Fred Wu
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Exponential growth/decay can be expressed as:

F=Ir^t, F=final amount, I=initial amount, r=rate, t=time, in this case:

F=33000(1-0.18)^t

F=33000(0.82)^t
User Alon Elharar
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