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

Suitable Grade Level
High School