Applications of exponential function principal rate

Reference no: EM13357339

Applications of exponential function: Principal, rate, time.

A fax machine is purchased for $5,800. Its value each year is about 80% of the value of the preceding year. So after t years the value, in dollars, of the fax machine, V(t), is given by the exponential function

V(t) = 5800 (0.8)^t.

a. Give a sketch of the graph of the function V(t). Your graph can be a "rough draft".

b. Determine the value of the fax machine in years 0, 1 and 4. to the nearest tenth.

c. Assume that the company decides to replace the machine when the machines values reduces to $500. In how many years will the machine be replaced.

Reference no: EM13357339

Questions Cloud

Find the horizontal asymptote and y-intercept for a given : find the horizontal asymptote and y-intercept for a given functiondescribe the transformations on the following graph

Using the given data and chart find the coefficients a b : using the given data and chart find the coefficients a b and cnbsp of the exponential model algebraically.above is a

Determine the equation of horizontal and vertical asymptote : determine the equation of horizontal and vertical asymptote of given functions.find the equations for the horizontal

Graph of a certain function is given using the information : graph of a certain function is given. using the information of transformation given in equation find the coordinate of

Applications of exponential function principal rate : applications of exponential function principal rate time.nbspnbspnbspnbspnbspnbspa fax machine is purchased for

Applications of exponential function principal rate timea : applications of exponential function principal rate time.a person deposits 3000 in a bank account which pays 3 annual

Express logarithm into exponential form and solve : express logarithm into exponential form and solve logarithmic equation.anbsp express log42 12 in exponential

Determine value of money after time t by compound interest : determine value of money after time t by compound interest method.suppose you deposited 5000 in a savings account with

Finding the exact value of cosalpha-betalet cos alpha 2425 : finding the exact value of cosalpha-betalet cos alpha 2425 where alpha has its terminal side in the first quadrant and

User Account

All Pages