A car costs $30,000 when purchased as new and depreciates at a rate of 18% per year. 1. Write an exponential decay model to represent the situation. 2. Find the value of the car after 10 years.
A car costs $30,000 when purchased as new and depreciates at a rate of 18% per year. 1. Write an exponential decay model to represent the situation. 2. Find the value of the car after 10 years.
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Transcribed Image Text:A car costs $30,000 when purchased as new and depreciates at a rate of 18% per year.
1. Write an exponential decay model to represent the situation.
2. Find the value of the car after 10 years.
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Cunnar
Schoole Dloa
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