Question

This function can be used to determine the value of an iPhone 16 n
years after it was purchased.

f(n)=900(0.92)n


Which statement best describes the meaning of f(3)≈700.82
?

(1 point)
Responses

It gives 13
of the iPhone's value.
It gives 1 third of the iPhone's value.

It gives the number of years since the iPhone was purchased.
It gives the number of years since the iPhone was purchased.

It gives the amount the value of the iPhone decreased by after 3 years.
It gives the amount the value of the iPhone decreased by after 3 years.

It gives the value of the iPhone after 3 years.

Answer 1

It gives the value of the iPhone after 3 years — about $700.82 (starting from $900 and depreciating 8% per year).