Amy owns a graphic design store. She purchases a new printer to use in her store. The printer depreciates by a fixed rate per year. The function V = 2,400(0.86)^t
can be used to model the value of the printer in dollars after t years.
Question 2
2.
Explain what the parameter 2,400 represents in the equation of the function. Write your answer in the space provided.
Question 3
3.
At what rate (in percent) does the value of the printer increase or decrease each year? Explain your answer. Write your answer in the space provided.
Question 4
4.
What is the value of the printer after 5 years rounded to the nearest dollar? Write your answer in the space provided.