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

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.

Use the dropdowns to complete the statements.

In the equation, the number 5,000 represents the BLANK 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.

Use the dropdowns to complete the statements.

In the equation, the number 5,000 represents the BLANK of the motorcycle.

Answer 1

In the equation, the number 5,000 represents the initial value of the motorcycle.

Answer 2

The value of the motorcycle is BLANK at a rate of BLANK per year.

Answer 3

The value of the motorcycle is increasing at a rate of 3% per year.

Answer 4

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

Answer 5

In the context of this problem, V=9000 means that the value of the motorcycle is $9,000.

Answer 6

What does a value of t = -3 mean in the context of this problem? BLANK

Answer 7

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.

In the equation, the number 5,000 represents the initial value of the motorcycle.

The value of the motorcycle is BLANK at a rate of BLANK per year.

The value of the motorcycle is increasing at a rate of 3% per year.

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

In the context of this problem, V=9000 means that the value of the motorcycle is $9,000.

What does a value of t = -3 mean in the context of this problem? BLANK

In the context of this problem, a value of t = -3 means that the time being referred to is 3 years before the present.