Question

The value of a company's equipment is $33,000 and decreases at a rate of 12% each year. Write an exponential decay function for the value of the equipment after t years.

Answer 1

Below

Explanation:

Value = 33000 ( .88)^t each year, t , the value is only 88% ( or in decimal: .88) of the prior year ( 12 % decrease leaves 88% )