Sonja purchased a laptop in September \(2018\) when the laptop had a …

Question

Prompt

Sonja purchased a laptop in September

2018

when the laptop had a value of

$1, 000

. Each month for the next

50

months, the value of the laptop decreased by

2%

of the previous month's value. Which equation represents this situation, where

v

is the value of the laptop, in dollars,

m

is the number of months since Sonja purchased the laptop, and

m \leq 50

v = 2, 018 (0.98)^{m}

v = 2, 018 (2)^{m}

v = 1, 000 (0.98)^{m}

v = 1, 000 (2)^{m}