A restaurant purchased kitchen equipment on January 1, 2017. On January 1, 2019, the value of the equipment was $14,650. The value after that date was modeled as follows. V(t)=14,650e−0.151t a) What is the rate of change in the value of the equipment on January 1, 2019? b) What was the original value of the equipment on January 1, 2017?

A restaurant purchased kitchen equipment on January 1, 2017. On January 1, 2019, the value of the equipment was $14,650. The value after that date was modeled as follows. V(t)=14,650e−0.151t a) What is the rate of change in the value of the equipment on January 1, 2019? b) What was the original value of the equipment on January 1, 2017?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 63SE: In the year 1985, a house was valued at 110,000. Bythe year 2005, the value hadappreciated to...

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