Amy owns a graphic design store. She purchases a new printer to use in her store.
The printer depreciates by a fixed rate of 14% per year. The function
V = 2,400(1 – 0.14)t can be used to model the value of the printer in dollars after
t years.
Question:
Part A: Explain what the parameter 2,400 represents in the equation of the function.
Part B: What is the factor by which the printer depreciates each year?
Part C: Amy also considered purchasing a printer that costs $4,000 and depreciates by 25% each year. Which printer will have more value in 5 years? Justify your answer by showing/explaining your work.
i really need help :( im working hard to get all my school work done and this one thing is making my head hurt :(