Question

Eagle Eye Tour Company plans to offer scenic helicopter tours as its newest attraction. The company spent $979,000 on a pre-owned helicopter, which is expected to lose about 11% of its value each year. Write an exponential equation in the form y=a(b)^x that can model the value of the helicopter, y, x years after purchase.

Answer 1

The exponential equation that can model the value of the helicopter is y = 979,000(0.89)^x.

Step-by-step explanation:

To model the value of the helicopter, we can use the exponential equation y = a(b)^x, where y represents the value of the helicopter, x represents the number of years after purchase, and a and b are constants.

Given that the helicopter is expected to lose about 11% of its value each year, we can write the equation as y = 979,000(0.89)^x.

So, the exponential equation that can model the value of the helicopter is y = 979,000(0.89)^x.