Question

In: Statistics and Probability

Perriot's Restaurant purchased kitchen equipment on January 1, 2014. The value of the kitchen equipment decreases...

Perriot's Restaurant purchased kitchen equipment on January 1, 2014. The value of the kitchen equipment decreases by 15% every year. On January 1, 2016, the value was $14,450.

a) Find an exponential model for the value, V, of the equipment, in dollars, t years after January 1, 2016.

b) What is the rate of change in the value of the equipment on January 1, 2016?

c) What was the original value of the equipment on January 1, 2014?

d) How many years after January 1, 2014 will the value of the equipment have decreased by half?

Solutions

Expert Solution

Given that:

Perriot's Restaurant purchased kichen equipment on january 1,2014.

The value of the kitchen equipment decreases by 15% every year.

orchestra answered 1 year ago
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