Solve the problem.
-A computer is purchased for $\$ 4500$. Its value each year is about $77 \%$ of the value the preceding year. Its value, in dollars, after $t$ years is given by the exponential function $V ( t ) = 4500 ( 0.77 ) ^ { t }$. Find the value of the computer after 6 years.
A) $\$ 556.08$
B) $\$ 20,790.00$
C) $\$ 937.90$
D) $\$ 722.18$

Question

Quizplus · Accepted Answer

After 6 years, we need to find the value of the computer which is given by:
$$V(6) = 4500(0.77)^6 \approx 937.90 $$
Therefore, the value of the computer after 6 years is approximately $\$ 937.90$ which is option C.

Solve the Problem $4500\$ 4500$4500 Its Value Each Year Is About

Solve the Problem $\$ 4500$ Its Value Each Year Is About