Use the Tangent feature from the DRAW menu to find the rate of change in part (b).
Perriot's Restaurant purchased kitchen equipment on January 1,2014 . The value of the equipment decreases by $15 \%$ every year. On January $1,2016,$ the value was $\$ 14,450 .$
a) Find an exponential model for the value, $V,$ of the equipment, in dollars, $t$ years after January 1 $2016 .$
b) What is the rate of change in the value of the equipment on January $1,2016 ?$
c) What was the original value of the equipment on January $1,2014 ?$
d) How many years after January 1,2014 will the value of the equipment have decreased by half?