Question

The value of a company's equipment is $35,000

and decreases at a rate of 6% per year. Write a
function to model this situation, then find the value
of the company's equipment after 3 years.

Answer 1

35000(.94)ˣ

29070.44

Explanation:

Function:

35000(.94)ˣ (where x= years)

35000(.94)³=29070.44