One year ago, Farid spent $16,600 on a new pizza oven for his restaurant, The Dough Zone. He checked the value of his oven online and discovered it is worth $15,770 today. The website also predicts that the oven's value will continue to decrease each year.
Write an exponential equation in the form y=a(b)x that can model the value of the pizza oven, y, x years after purchase.
Use whole numbers, decimals, or simplified fractions for the values of a and b.
y =
1 answer
y = 16,600(0.95)^x