Question

The value of a motorcycle changes according to the function 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 function, the number 5,000 represents the
of the motorcycle.

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

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

Answer 1

- 5,000 represents the initial value (the value of the motorcycle at t = 0).
- V(t) = 9000 means the motorcycle's value is $9,000.
- t = 3 represents 3 years after the starting time (3 years after purchase).