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 (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 7SC
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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?
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