The value of a brand new car is $30, 000 and the value depreciates 15% every year. Write a function to represent the value of the car after t years, where the quarterly rate of change 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 change per quarter, to the nearest hundredth of a percent.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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The value of a brand new car is $30, 000 and
the value depreciates 15% every year. Write a
function to represent the value of the car after t
years, where the quarterly rate of change 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 change per quarter, to the nearest
hundredth of a percent.
Transcribed Image Text:The value of a brand new car is $30, 000 and the value depreciates 15% every year. Write a function to represent the value of the car after t years, where the quarterly rate of change 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 change per quarter, to the nearest hundredth of a percent.
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