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3 December, 18:01

A new truck that sells for $29,000 depreciates (decreases in value) 12% each year. Which function models the value of the truck?

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  1. 3 December, 20:56
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    29,000 *.12x=current worth
  2. 3 December, 21:07
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    for depreciation the formula is:

    y = years

    value = 29000 * (1-0.12) ^y

    value = 29000*0.88^y
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