2. When buying a new car, one consideration is how fast the car loses value, known as the depreciation rate. Assume that you purchase a new car for $23,395 and that five years later it is worth $15,239. What is the average dollar value decline per year during the first 5 years of ownership? b. Use an exponential model produce a function that gives the value of the car in terms of а. the number of years, t, since the car was new. Show all work algebraically.

Q: Suppose you deposit money in an investment account that pays 5% annual interest compounded…

A: r=5%=0.05 Let P be the invested money and let it be doubled in t years.

Q: The value of a car is decreasing by 1.5% per month. Suppose depreciation continues at this rate. (a)…

A: r=-1.5% suppose purchase price =p time ,when car price=p/2

Q: A home is valued at $236,500 in 2012. In 2017, the home is worth $305,700. Assume the home's value…

A: Consider the following exponential function of value of the home: Vt=abt Where, Vt=Value of home…

Q: At the end of 2011, the number of electric cars registered worldwide was 47,580. By the end of 015,…

A: At the end of 2011, No of electric cars = 47580At the end of 2015, No of electric cars = 547120Rate…

Q: Suppose that P dollars in principal is invested for t years at the given interest rates with…

A: Given that the Principal amount P=$16000Time t=11  years

Q: 12. A laptop computer was purchased for $2500. After 2 years, the value of the laptop is expected to…

A:

Q: $5000 is invested in an account, which offers 2.125%, compounded daily. [Hint: How many days are in…

A: Given: $5000 is invested in an account, which offers 2.125%, compounded daily.

Q: A farm in Canada had 218 alpacas on January 1, 2004. After 8 years, the alpaca population decreases…

A: This question is based on exponential function.

Q: 19) An investment of $5000 grows to a value of $7500 in 4 years. What is the interest rate of the…

A: Finding the rate of interest

Q: A baseball card sold for $300 in 1979 and was sold again in 1986 for $481. Assume that the growth in…

A: We need to find out to the exponential growth rate and the function.

Q: 7. A $7,000 investment earns 9% interest, compounded continuously. Find its value after 3 years.

A:

Q: find the present value of an investment worth $15,000 in 15 years with 5% interest compounded…

A:

Q: Suppose $1500 is initially invested in an account and the value of the account grows exponentially.…

A:

Q: Q6. SR2, 800 is needed for a purchase. The buyer has SR2, 500 and will invest the money at 9% annual…

A:

Q: 2. (State whether the growth or decay is linear or exponential. Then answer the associated question,…

A:

Q: Suppose that $10,000 is invested at rate k, compounded continuously, and grows to $15,851.32 in 7…

A:

Q: What is the accumulated value if the money is compounded​ continuously?

A: Find the accumulated value

Q: Q8. How much should you invest now at 10% to have $32,000 toward the purchase of a car in 6 years if…

A: Concept: Compound interest is given by A=P1+rnnt Where A is the amount , P is the principle , r is…

Q: Assume $3000 is invested at 8%. Find a model for the growth of this investment, if the interest is…

A: Given information:Assume $3000 is invested at 8%.