Question

Leo bought a bulldozer for $63,103. The value of the bulldozer depreciated at a constant rate per year. The table below shows the value of the bulldozer after the first and second years:


Year
1
2
Value (in dollars)
58,054.76
53,410.38


Which function best represents the value of the bulldozer after t years?
f(t) = 58,054.76(0.92)t
f(t) = 63,103(0.08)t
f(t) = 63,103(0.92)t
f(t) = 58,054.76(0.08)t

Answer 1

i think it's f(t)=58,054.76(0.92)t