You bought a used truck for $15,000. The value will depreciate yearly by 15%.

Classify the model as exponential growth or decay.

Identify the growth or decay factor, and give the growth or decay rate.

Question

Mathematics

Sawyer Cohen

24 March, 00:44

You bought a used truck for $15,000. The value will depreciate yearly by 15%.

Classify the model as exponential growth or decay.

Identify the growth or decay factor, and give the growth or decay rate.

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Answers (1)

Know the Answer?

Rowan Perkins · Answer 1

Decay,

Factor: 0.85

Decay rate: 15%

Step-by-step explanation:

Every year net value reduces by 15% which means it's 100-15 = 85% of the previous year

85% = 0.85

You bought a used truck for $15,000. The value will depreciate yearly by 15%.Classify the model as exponential growth or decay.Identify the growth or decay factor, and give the growth or decay rate.

You bought a used truck for $15,000. The value will depreciate yearly by 15%.

Classify the model as exponential growth or decay.

Identify the growth or decay factor, and give the growth or decay rate.