Beth bought a used truck for $15,000. She estimates that it will decrease in value by 17% each year.

Question

Write an expression for V(t), the value of Beth's truck, in dollars, after t years.
Write your answer in the form V(t)=a(b)t, where a and b are integers or decimals. Do not round.

Answer 1

The value of Beth's truck after t years can be expressed as:

V(t) = 15000 * (1 - 0.17)^t

Simplifying further:

V(t) = 15000 * (0.83)^t