Jack and Jill are beginning a lawn care business. They have purchased a zero turn
radius riding lawn mower for $6,500. For tax purposes, its value is expected to
depreciate at a rate of 15% annually. Which function represents the value of the
riding lawn mower in dollars, V(t), as a function of elapsed time in years, t?
In order to find the value in years, you would have to determine 15% in the elapsed time. 6500 is the initial amount therefore you would have to multiply it by the 15%+elapsed time.
