Aconstruction company purchased some equipment costing $300,000. the value of the equipment depreciates
(decreases) at a rate of 14% per year.
a. write a formula that models the value of the equipment each year.

Cost of equipment after n years = 300000 x 0.86ⁿ

Step-by-step explanation:

A construction company purchased some equipment costing $300,000.

Price of equipment = 300000 $

The value of the equipment depreciates  (decreases) at a rate of 14% per year.

Let c(n) be the cost of equipment after n years.

Cost of equipment after n years = 300000 x 0.86ⁿ

c

step-by-step explanation:

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step-by-step explanation: