Type the correct answer in each box. Use numerals instead of words.
Jonathan purchased a dirt bike a year ago. The value of the dirt bike, in dollars, can be calculated using the expression shown below, where t is time, in years.
8,690(0.95)^12t
Use the given expression to complete the statements below.

The quantity that represents the initial value of the dirt bike is _____.

The quantity that reveals the rate at which the value of the dirt bike is decreasing is _____, which means the decay rate of the dirt bike is _____ %.

The quantity that represents the number of times the value of the dirt bike decreases each year is _____.

Question

Type the correct answer in each box. Use numerals instead of words.
Jonathan purchased a dirt bike a year ago. The value of the dirt bike, in dollars, can be calculated using the expression shown below, where t is time, in years.
                                      8,690(0.95)^12t
Use the given expression to complete the statements below.

The quantity that represents the initial value of the dirt bike is _____.

The quantity that reveals the rate at which the value of the dirt bike is decreasing is _____, which means the decay rate of the dirt bike is _____ %.

The quantity that represents the number of times the value of the dirt bike decreases each year is _____.

minustempo · Answer

the principal is the initial value here. 
which is 8690

minustempo · Answer

0.95 means every certain amount of time (determined by the exponent), the bikes value is 0.95 times the value before that time

minustempo · Answer

which means the decay rate is 1-0.95 = 5%

minustempo · Answer

12t where t is in years means that 'certain time' is 12 times per year

minustempo · Answer

hope you understand it now!

Grande03 · Answer

1-0.95=5 and 12t is incorrect

minustempo · Answer

the decay rate is 5%, the bike's value decreases 12 times per year sorry

Grande03 · Answer

thank u

minustempo · Answer

you're welcome