Answer:
Step-by-step explanation:
the value of a tv is $1500, and it's value decreases by 14% each year. The rate of decrease is exponential. We would apply the formula for exponential growth which is expressed as
A = P(1 - r/n)^ nt
Where
A represents the value of the tv after t years.
n represents the period of decrease
t represents the number of years.
P represents the initial value of the tv.
r represents rate of decrease.
From the information given,
P = 1500
r = 14% = 14/100 = 0.14
n = 1
Therefore, the function that represents the value y of the tv after t years is
A = 1500(1 - 0.14/1)^ 1 × t
A = 1500(0.86)^t
