Question

Rick bought a new snowmobile for $10,500. He estimates that the snowmobile will decrease in value by 14% each year.

Write an expression for V(t), the value of Rick's snowmobile, in dollars, after t years.
Write your answer in the form V(t)=a(b)t, where a and b are integers or decimals. Do not round.
V(t)=

Answer 1

[AI-generated answer — Bot GPT 3.5]

V(t) = 10500(0.86)^t