MB Applied Math 40S Practice Questions - Manitoba Grade 12 Applied Mathematics 40S Provincial Achievement Test

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A machine worth $40,000.00 loses 12% of its value each year. Which function models its value V, in dollars, after t years?

V(t) = 40000(1.12)^t V(t) = 40000 - 4800t V(t) = 40000(0.12)^t V(t) = 40000(0.88)^t

Correct Answer:

V(t) = 40000(0.88)^t

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