Suppose that the dollar value v(t) of a certain house that is t years old is given by the following exponential function. v (t) = 427,500 (0.81)* Find the initial value of the house. Does the function represent growth or decay? O growth decay By what percent does the value of the house change each year? 0% X

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 car is purchased for $23,000. After each year, the resale value decreases by 25%. What will the resale value be after 4
years?
Use the calculator provided and round your answer to the nearest dollar.
$
X
Ś
Transcribed Image Text:A car is purchased for $23,000. After each year, the resale value decreases by 25%. What will the resale value be after 4 years? Use the calculator provided and round your answer to the nearest dollar. $ X Ś
Suppose that the dollar value v (t) of a certain house that is t years old is given by the following exponential function.
v (t) = 427,500 (0.81)*
Find the initial value of the house.
Does the function represent growth or decay?
O growth
decay
By what percent does the value of the house change each year?
0%
X
Transcribed Image Text:Suppose that the dollar value v (t) of a certain house that is t years old is given by the following exponential function. v (t) = 427,500 (0.81)* Find the initial value of the house. Does the function represent growth or decay? O growth decay By what percent does the value of the house change each year? 0% X
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