Math Problem Statement

A restaurant purchased kitchen equipment on January​ 1, 2017. On January​ 1, 2019, the value of the equipment was ​$14 comma 600. The value after that date was modeled as follows. ​V(t)equals14 comma 600 e Superscript negative 0.163 t ​a) What is the rate of change in the value of the equipment on January​ 1, 2019? ​b) What was the original value of the equipment on January​ 1, 2017? Question content area bottom Part 1 ​a) The rate of change in the value of the equipment on January​ 1, 2019 was

enter your response here dollars per year. ​(Type an integer or decimal rounded to two decimal places as​ needed.

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Functions
Rate of Change

Formulas

Exponential decay model: V(t) = V₀ * e^(kt)

Theorems

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Suitable Grade Level

High School