Question

Sara's new car depreciates 8% each year.

1. A= P(1 - 8/100 x 12)^12t = P(298/300)^12t Per month.

2. A= P(1 - 8/100 x 52)^12t = P(298/300)^12t Per week.

3. A= P(1-3/100 x 365)^12t = P(298/300)^12t Per day.

What relationship is there between the amount of depreciation and the time interval measured in these exponential functions?