The function \(f\) is defined by \(f(x)=3,950(0.38)^{\frac{x}{12}}\).…

Question

Prompt

The function

f

is defined by

f (x) = 3, 950 (0.38)^{\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