Find a formula for the exponential function V ht that gives

Find a formula for the exponential function V = h(t) that gives the value of an item initially worth $5000 that loses half its value every 15 years. h(t) = dollars. help (formulas) (Do not enter any commas in your formula.)

Solution

H(t) = Hoe^kt

Ho = $ 5000

loses half of its value every 15 yrs

1/2 = e^15k

k = -0.046

H(t) = 5000e^(-0.046t)