In 2006, the cost of a particular piece of computer equipment was $500 and going down at a rate of 10% per year. Assuming this percentage remains constant, what is the formula for C, the cost of this equipment in dollars, as a function of t, the number of years since 2006?

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The Answer of In 2006, the cost of a particular piece of computer equipment was $500 and going down at a rate of 10% per year. Assuming this percentage remains constant, what is the formula for C, the cost of this equipment in dollars, as a function of t, the number of years since 2006?

In 2006, the Cost of a Particular Piece of Computer