Question

A local bakery opened with new equipment worth $80,000. Ten years later, the owners’ accountants told them that their equipment had depreciated at a rate of 6 percent per year. Which equation would you use to create a sequence modeling this situation?(1 point)
Responses

an=80,000(0.06)n−1

a subscript n baseline equals 80,000 left parenthesis 0.06 right parenthesis superscript n minus 1 baseline

an=80,000(0.06)n

a subscript n baseline equals 80,000 left parenthesis 0.06 right parenthesis superscript n baseline

an=80,000(0.94)n

a subscript n baseline equals 80,000 left parenthesis 0.94 right parenthesis superscript n baseline

an=80,000(0.94)n−1

Answer 1

an = 80,000(0.94)^(n−1)

Explanation: Each year the value is multiplied by 1 − 0.06 = 0.94. Using n = 1 for the initial year gives the exponent n−1 so a1 = 80,000.