- The initial value of the function is obtained when t=0. Replace this value into the formula for V(t):
V(0) = 659,000(0.79)⁰ = 659,000
- The function represent a decay because the factor exponentiated, 0.79, is lower than 1.
- 0.79 represents a decay of
1 - 0.79 = 0.21
which is equivalent to a decay of 21%