. Eight years ago, Rudi thought that he was making a sound investment by buying $1000 worth of Pro Sports Management stock. Unfortunately, his investment depreciated steadily, losing 15% of its value each year. a. What is the multiplier? b. Write a function using f(t) to describe the situation. c. How much is the stock worth now?

a. 0.85

b.

c. $272.49

Step-by-step explanation:

Given that:

Initial investment made, 8 years ago = $1000

Depreciation value each year = 15%

To find:

a. Multiplier

b. Function to describe the situation.

c. Worth of stock now.

Solution:

a. Depreciation of 15% means the value becomes (100 - 15) % = 85% or 0.85 of the actual value.

Therefore, the multiplier is 0.85.

b.

Every year the value becomes 0.85 times of the actual value.

If it continues for years, then the values will be:

c. Let us put to find the worth of stock now.

So, the answers are:

a. 0.85

b.

c. $272.49

10 * 563.67 = 5636.7

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