The function p (t) represents the value of a new car t years after it was manufactured.

p (t) = 24,525 (0.94) ^t

What does the value 0.94 represent in this situation?

The value of the car increases by 94% each year.

The value of the car decreases by 94% each year.

The value of the car is 0.94 times the value of the car the previous year.

The initial value of the car is 0.94.

Question

Mathematics

Colton Harding

25 June, 00:52

The function p (t) represents the value of a new car t years after it was manufactured.

p (t) = 24,525 (0.94) ^t

What does the value 0.94 represent in this situation?

The value of the car increases by 94% each year.

The value of the car decreases by 94% each year.

The value of the car is 0.94 times the value of the car the previous year.

The initial value of the car is 0.94.

+4

Answers (1)

Know the Answer?

Gabriela Morton · Answer 1

I think the correct answer from the choices listed above is the second option. The value of 0.94 in the function given above represents the decrease of the value of the car per year. Hope this answers the question. Have a nice day.