Mathematics

Kason Schneider

25 October, 10:11

A brand new SUV is purchased in 2020 for $54,300. The owner plans on

upgrading to a new vehicle in 5 years. Based on trends, the SUV is expected to depreciate at a rate of 14.3% each year.

Write a function, f (x), which models the value of the SUV X years after 2020.

a. f (x) = 54,300 - 0.143x

c. f (x) = 54,300+0.143x

b. f (x) = 54,300 (0.857)

d. f (x) = 54,300 (1.143)

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