Question

George plans to purchase a new scooter for $8000 and to keep it until it is worth a fourth of its original price. The value of the scooter is give by V = 8000( 1 8 )t, where V is the value of the scooter and t is the number of years that have passed. If George finds that he can buy the scooter on sale for $6895, how should he change the value equation?

Answer 1

I suggest using I=p.r.t

which is interest= principal*rate*time (years)

Answer 2

A) Replace the 8000 with 6895

Explanation:

The given function is

Where is the value of the scooter and is the number of years.

According to the problem, George plans to purchase new scooter for $8000. That means the number 8000 in the given function refers to the price of the scooter. So, if he finds that the scooter costs $6895, then we should replace $8000 with $6895.