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(0.94)n
a subscript n baseline equals 80,000 left parenthesis 0.94 right parenthesis superscript n baseline
an=80,000(0.94)n−1
a subscript n baseline equals 80,000 left parenthesis 0.94 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(0.06)n−1
a subscript n baseline equals 80,000 left parenthesis 0.06 right parenthesis superscript n minus 1 baseline
The equation that would be used to create a sequence modeling this situation is:
an=80,000(0.94)n