Aconstruction company purchased some equipment costing $300,000. the value of the equipment depreciates
(decreases) at a rate of 14% per year.
b. what is the value of the equipment after 9 years?

$ 77,198.22

Step-by-step explanation:

The value depreciates 14% per year, it means that for the first year, the value will be 0.86 of the initial value, the second year, 0.86 of the first, so 0.86x0.86 of it, and then  successively. So, for t years:

V(9) = 300,000*(0.86)⁹

V(9) = $ 77,198.22

step-by-step explanation:

because 1/3 is a fraction. we can tell because there is a divisor symbol between the 1 and the 3. if we were to add 2 fractions together, we would add the numerators, which is the number on top, but not the denominators, which is the number on the bottom

1/3+1/3=2/3

hope this !