Answer: y = 6280(0.87)^x
Explanation:
If the office equipment depreciates at a rate of 13% each year, then the rate of depreciation is exponential.
We would apply the formula for exponential decay which is expressed as
y = b(1 - r)^x
Where
y represents the value of the office equipment after t years.
x represents the number of years.
b represents the initial value of the office equipment.
r represents rate of decay.
From the information given,
y = $628
r = 13% = 13/100 = 0.13
Therefore, the equation that represents the value of the equipment after x years is
y = 6280(1 - 0.13)^x
y = 6280(0.87)^x