Ok, this is for a website I'm working on, but I'm going to abstract the real problem in order to explain it more clearly:
Say I own a parking lot in a busy downtown area. You agree to rent a parking space from me for $100/day. However, as soon as you park your car, the value of that space begins to decline logarithmically. Precisely 24 hours later, it's value is reduced to $0.00. When I say "logarithmically" I mean that the value of the parking space might decline by $0.02 during the first 10 minutes, but during the final 10 minutes of the day, it may decline by $5.00.
How do I calculate the value of the parking space at any given instant during the day?
2007-02-14
15:20:00
·
1 answers
·
asked by
pinkfloyd_guy
1
in
Mathematics