The value of a new car purchased decreases by 34% every 2 years. a) The 2-year change factor is and the 2-year percent change is %. Round to 2 decimal places. b) The 1-year change factor is and the 1-year percent change is %. Round to 4 decimal places for the change factor. c) By what percent does the cars value decrease every 7 years? %. Round to 4 decimal places for the change factor. d) Determine the half-life of cars value. Round to the tenths place (1 decimal). Hint: It will be easiest to solve graphically. years.
The value of a new car purchased decreases by 34% every 2 years. a) The 2-year change factor is and the 2-year percent change is %. Round to 2 decimal places. b) The 1-year change factor is and the 1-year percent change is %. Round to 4 decimal places for the change factor. c) By what percent does the cars value decrease every 7 years? %. Round to 4 decimal places for the change factor. d) Determine the half-life of cars value. Round to the tenths place (1 decimal). Hint: It will be easiest to solve graphically. 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:The value of a new car purchased decreases by 34% every 2 years.
a) The 2-year change factor is
and the 2-year percent change is
%. Round to 2 decimal places.
b) The 1-year change factor is
and the 1-year percent change is
%. Round to 4 decimal places for the change factor.
c) By what percent does the cars value decrease every 7 years?
%. Round to 4
decimal places for the change factor.
d) Determine the half-life of cars value. Round to the tenths place (1 decimal). Hint: It will be easiest
to solve graphically.
years.
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