A new car is purchased for $19, 000 and over time its value depreciates by one half every 5.5 years. Write a function showing the value of the car after t years, where the annual decay rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of decay per year, to the nearest hundredth of a percent. Function: f(t) Growth % increase per year Submit Answer attemnt 6 out of 10

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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A new car is purchased for $19,000 and over time its value depreciates by one half every 5.5 years. Write a function showing the value of the car after t years, where the annual decay rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of decay per year, to the nearest hundredth of a percent.
A new car is purchased for $19,000 and over time its value depreciates by one half
every 5.5 years. Write a function showing the value of the car after t years, where the
annual decay rate can be found from a constant in the function. Round all coefficients
in the function to four decimal places. Also, determine the percentage rate of decay
per year, to the nearest hundredth of a percent.
Function: f(t)
Growth
% increase per year
Submit Answer
attemnt 6 out of 10
Transcribed Image Text:A new car is purchased for $19,000 and over time its value depreciates by one half every 5.5 years. Write a function showing the value of the car after t years, where the annual decay rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of decay per year, to the nearest hundredth of a percent. Function: f(t) Growth % increase per year Submit Answer attemnt 6 out of 10
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