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

Question

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

Answer 1

In the context of this problem, the equation V = 5,000(1.03)t represents the value of a motorcycle over time (t) in years. Therefore, if V = 9000, it means that the motorcycle's value is $9000 at that particular time (t).