1. Tanya's new car sold for $23,856. Her online research indicates that the car will depreciateexponentially at a rate of per year. Write the exponential depreciation formula for Tanya's car.2. Sharon purchased a used car for $24,600. The car depreciates exponentially by 8% per year. Howmuch will the car be worth after 5 years?3. Brad purchased a 5-year old car for $14,200. When the car was new, it sold for $24,000. Find thedepreciation rate to nearest percent. (Use guess and check)

Due to Bartleby answering guidelines I have solved only first question which is question no 1.

Answered: 1. Tanya's new car sold for $23,856.…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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1. Tanya's new car sold for $23,856. Her online research indicates that the car will depreciate exponentially at a rate of per year. Write the exponential depreciation formula for Tanya's car.