Emi operates a mobile dog-grooming business.
The value of her grooming equipment will depreciate.
Based on average usage, a rule for the value, in dollars, of the equipment,
Assume that there are exactly 52 weeks in a year.
- By what amount, in dollars, does the value of the grooming equipment depreciate each week? (1 mark)
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- Emi plans to replace the grooming equipment after four years.
- What will be its value, in dollars, at this time? (1 mark)
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is the value of the grooming equipment, in dollars, after weeks. - Write a recurrence relation in terms of
and that can model this value from one week to the next. (1 mark)
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- The value of the grooming equipment decreases from one year to the next by the same percentage of the original $15 000 value.
- What is this annual flat rate percentage? (1 mark)
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