Solve the problem.A motorized scooter is purchased for $4000. Its value each year is about 76% of the value the preceding year. Its value, in dollars, after t years is given by the exponential function V(t) = 4000(0.76)t. Find the value of the scooter after 7 years.
A. $585.81
B. $21,280.00
C. $445.21
D. $338.36
Answer: A
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