Question

Elektra purchased microwave for $450. It depreciates about 0.6% each year. What is the value of the microwave after eight years? (2 points)

Answer 1

exponential decay equation:

A = P(1 - r)^t
where P is the initial amount ($450), r is the rate of decay as a decimal (0.006), t is time (8 yrs), and A is the final amount. plug in the appropriate quantities and evaluate A