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Mathematics 14 Online
Shadow:

Bob buys a boat that will cost him $10,000. the boat continuously depreciates at an annual rate of 17%. Write an exponential function for the value. How much will the boat be worth in 15 years?

Shadow:

\[A(t) = Pe ^{rt}\] \[A(t) = 10000e ^{(-0.17)(15)}\] \[A(t) = 780.82\]

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