A new car costs $27, 000 depreciates to 80% of its value in 2 years. Round all answers to 2 decimal places, where necessary. a. Assume that the depreciation is linear. What is the linear function that models the value of this car t years after purchase? f(t) = Preview b. Assume that the value of the car is given by an exponential function Aekt, where A is the initial price of the car. Find the value of the constant k. Answer exactly. k = Preview c. For the linear model used in part (a), find the value of the car 6 years after the purchase, then do the same fo the exponential model used in part (b). Round your answer to 2 decimal places. Linear after 6 years: $ Exponential after 6 years:

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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A new car costs $27, 000 depreciates to 80% of its value in 2 years. Round all answers to 2 decimal places,
where necessary.
a. Assume that the depreciation is linear. What is the linear function that models the value of this car t years
after purchase?
f(t)
=
Preview
b. Assume that the value of the car is given by an exponential function Aekt, where A is the initial price of the
car. Find the value of the constant k. Answer exactly.
k =
Preview
c. For the linear model used in part (a), find the value of the car 6 years after the purchase, then do the same for
the exponential model used in part (b). Round your answer to 2 decimal places.
Linear after 6 years: $
Exponential after 6 years: $
Transcribed Image Text:A new car costs $27, 000 depreciates to 80% of its value in 2 years. Round all answers to 2 decimal places, where necessary. a. Assume that the depreciation is linear. What is the linear function that models the value of this car t years after purchase? f(t) = Preview b. Assume that the value of the car is given by an exponential function Aekt, where A is the initial price of the car. Find the value of the constant k. Answer exactly. k = Preview c. For the linear model used in part (a), find the value of the car 6 years after the purchase, then do the same for the exponential model used in part (b). Round your answer to 2 decimal places. Linear after 6 years: $ Exponential after 6 years: $
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