Ask Question
25 November, 11:45

Exponential Growth/Decay Function The value of a car is $21,500. It loses 12% of its value every year.

(a) Write a function that represents the value y (in dollars) of the car after x years.

(b) Use the function to estimate the value of the car after 6 years. (round your answer to the nearest whole number)

+2
Answers (1)
  1. 25 November, 14:00
    0
    (a) 21500 (0.88) ᣔx

    y = A (1-r) ᣔx

    = 21500 (1-0.12) ᣔx

    = 21500 (0.88) ᣔx

    (b) $9,985

    21500 (0.88) ᣔ6 = 9985

    · 0.88ᣔ6 = 0.46440408

    · 21500 * 0.46440408 = 9984.68 - > 9985
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Exponential Growth/Decay Function The value of a car is $21,500. It loses 12% of its value every year. (a) Write a function that represents ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers