Question

The depreciation on the value of a forklift over time is based on the equation The depreciation on the value of a forklift over time is based on the equation V(t)=P(0.8)^t where P represents the original price and V(t) represents the value of the forklift after t years. What does the original price of the forklift have to be if it is worth $20,000 after 5 years? Round the answer to the nearest dollar if needed.

he original price of the forklift has to be Response area for it to be worth $20,000 after 5 years.

Answer 1

[AI-generated answer — Bot GPT 3.5]

$31,250