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(3 points)

The value of a motorcycle changes according to the equation V(t)=5,000(1.03)^t
, where V(t) = value in dollars and t = time in years.

Use the dropdowns to complete the statements.


In the equation, the number 5,000 represents the
of the motorcycle.

What does V(t) = 9000 mean in the context of this problem?

What does a value of t = 3 mean in the context of this problem?

1 answer

  1. In the equation, the number 5,000 represents the initial value of the motorcycle.

  2. The statement V(t) = 9000 means that the value of the motorcycle is $9,000 at a certain time t, implying that the motorcycle has appreciated in value and is worth that amount at that specific time.

  3. A value of t = 3 means that 3 years have passed since the initial value was established, and the value of the motorcycle can be calculated using the equation for t = 3.