Your shiny new boat cost $7650. The depreciation for your boat is 14% per year. You want to know the value of your vehicle in 3 years. What is the equation that models this problem?

The equation is

Which means that the value of the vehicle in 3 years is $4,865.8

Step-by-step explanation:

The equation for the value of a product with a depreciation rate of r(as a decimal) is given by:

In which V(0) is the initial value.

Your shiny new boat cost $7650

This means that

The depreciation for your boat is 14% per year.

This means that

So

You want to know the value of your vehicle in 3 years. What is the equation that models this problem?

The equation is

Which means that the value of the vehicle in 3 years is $4,865.8

step-by-step explanation:

if you meant, "on the way from (3, 2) to (3, 14):

x does not change; y increases by 12.

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