Question

The value of a piece of equipment is decreasing at a rate of 7,5% yearly. If the equipment

was valued at $930 when it was purchased, which function represents the value of the
equipment x years after it was purchased? Explain,

Answer 1

y=930 x 075^x

Explanation:

y is the price after the amount of years x being plugged into the equation. 930 is what you started with. 7.5 is what is being decreased so divide that by 100 and you get 0.075 plug in the amount of years into x and you have your equation