A restaurant purchased kitchen equipment on January 1, 2017. On January 1, 2019, the value of the equipment was $14,450. The value after that date was modeled as follows. V(t) = 14,450 e -0.169t 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) The rate of change in the value of the equipment on January 1, 2019 was (Type an integer or decimal rounded to two decimal places as needed.) dollars per year.
A restaurant purchased kitchen equipment on January 1, 2017. On January 1, 2019, the value of the equipment was $14,450. The value after that date was modeled as follows. V(t) = 14,450 e -0.169t 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) The rate of change in the value of the equipment on January 1, 2019 was (Type an integer or decimal rounded to two decimal places as needed.) dollars per year.
Chapter10: Exponential And Logarithmic Functions
Section10.3: Evaluate And Graph Logarithmic Functions
Problem 10.53TI: In 1906, San Francisco experienced an intense earthquake with a magnitude of 7.8 on the Richter...
Related questions
Question
Transcribed Image Text:A restaurant purchased kitchen equipment on January 1, 2017. On January 1, 2019, the value of the equipment was $14,450. The value after that date was modeled as follows.
V(t) = 14,450 e -0.169t
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) The rate of change in the value of the equipment on January 1, 2019 was dollars per year.
(Type an integer or decimal rounded to two decimal places as needed.)
Help me solve this
View an example
Get more help -
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Recommended textbooks for you
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,