A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 5 years ago
A piece of equipment costs $65,000 new but depreciates 18% per year in each succeeding year. Write an exponential equation for this situation.
anonymous
 5 years ago
A piece of equipment costs $65,000 new but depreciates 18% per year in each succeeding year. Write an exponential equation for this situation.

This Question is Closed

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Exponential equations are of the form: \[A = P * (1 + R) ^ {T}\] Where P is the principal/original value, R is the rate in decimal form (e.g. +18% would be 0.18, 2% would be 0.02, etc.) and T is how many times the rate is applied (e.g. three years with the rate applied yearly would be 3 times, so T would be 3), and A is the value of whatever is put in, after applying the rate T times. In this scenario, $65000 would be your principal value, your rate would be negative 18%, because you lose 18% every year. A and T would be your variables for this equation.
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.