Answer:
[tex]V(y) = 3000(0.85)^{y}[/tex]
Step-by-step explanation:
A business purchases a computer I system for $3,000. The value of the system decreases at a rate of 15% per year.
Therefore, the yearly valuation decay rate is [tex]\frac{15}{100} = 0.15[/tex].
Now, using the exponential function modeling we can write,
[tex]V(y) = 3000(1 - 0.15)^{y} = 3000(0.85)^{y}[/tex]
Here, V(y) is the valuation of the computer after y years of purchase.
$3000 is the initial value. (Answer)
