Question

MEDAL!
A used car has a value of $15,250 when it is purchased in 2012. The value of the car depreciates at a rate of 7.5% per year.

Write an exponential function that models the value of the car, y, over x years.
To the nearest cent, what will be the value of the car after eight years?

Answer 1

Solution. Let y be the value of the car and let t be the number of years of ownership. The ... at the rate of 10% per year. Write an exponential decay model to represent the car's value. ... 10 y 30(1.2)t. 7. 30. Because 1.2 > 1, the model y. 30(1.2)t is an exponential growth model

Answer 2

@nathshely

Answer 3

thanks :D