The function $f$ gives the value, in dollars, of a certain piece of e…

Source Texts

Text

f (x) = 6, 110 (0.18)^{\frac{x}{12}}

The function

f

gives the value, in dollars, of a certain piece of equipment after

x

months of use. If the value of the equipment decreases each year by

p %

of its value the preceding year, what is the value of

p