the price "P (t)" of a certain model of technological equipment in dollars ($) is given by (t) = 15000 * (0.7) t, where T represents the years from the moment the equipment left the market. Market. Based on this information, analyze the following: %3D I. The price of a device when it goes on the market is $ 15,000 II. For the equipment to have a price lower than $ 1200, more than 8 years must elapse after leaving the market. Which statement is true? 1. both 2. none 3. just the I 4. only II

College Algebra (MindTap Course List)
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ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
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the price "P (t)" of a certain model of technological equipment in dollars ($) is given by
(t) = 15000 * (0.7) t, where T represents the years from the moment the equipment left
the market. Market. Based on this information, analyze the following:
1. The price of a device when it goes on the market is $ 15,000
II. For the equipment to have a price lower than $ 1200, more than 8 years must elapse
after leaving the market.
Which statement is true?
1. both
2. none
3. just the I
4. only I|
it
xt
étv A
Transcribed Image Text:the price "P (t)" of a certain model of technological equipment in dollars ($) is given by (t) = 15000 * (0.7) t, where T represents the years from the moment the equipment left the market. Market. Based on this information, analyze the following: 1. The price of a device when it goes on the market is $ 15,000 II. For the equipment to have a price lower than $ 1200, more than 8 years must elapse after leaving the market. Which statement is true? 1. both 2. none 3. just the I 4. only I| it xt étv A
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