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Perriot's Restaurant purchased kitchen equipment on January 1, 2014. The value of the kitchen equipment decreases...

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Statistics

Perriot's Restaurant purchased kitchen equipment on January 1,2014. The value of the kitchen equipment decreases by 15% everyyear. On January 1, 2016, the value was $14,450.

a) Find an exponential model for the value, V, of the equipment,in dollars, t years after January 1, 2016.

b) What is the rate of change in the value of the equipment onJanuary 1, 2016?

c) What was the original value of the equipment on January 1,2014?

d) How many years after January 1, 2014 will the value of theequipment have decreased by half?

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