Bailey bought a lawnmower for $600. The value of the lawnmower depreciates 2% every year. What is the value of the lawnmower after 5 years? Round your answer to the nearest dollar.

$542

Step-by-step explanation:

we know that

The equation of a exponential decay function is given by

where

y is the value of the lawnmower

x is the time in years

a is the initial value

r is the rate of change

we have

substitute

For x=5 years

d

step-by-step explanation:

d

2222222222222222222

step-by-step explanation: