(Lesson 32) A construction company purchased some equipment costing $300,000. The value of the equipment depreciates at a rate of 14% per year. Write a formula that models the value of the equipment each year. 13 y = What is the value of the equipment after 9 years?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter8: Linear Functions
Section8.1: Relations And Functions
Problem 35E
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(Lesson 32) A construction company purchased some equipment costing $300,000. The value of the equipment depreciates at a rate of 14% per year.
Write a formula that models the value of the equipment each year.
13
y =
What is the value of the equipment after 9 years?
Transcribed Image Text:(Lesson 32) A construction company purchased some equipment costing $300,000. The value of the equipment depreciates at a rate of 14% per year. Write a formula that models the value of the equipment each year. 13 y = What is the value of the equipment after 9 years?
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