Tommy bought a new sports car for $45,000. It depreciates by 20% per year. 17. Fill in the table: year 0 Value of car $45,000 1 2 3 4 What is the exponential function that describes the above data? Using answer from #18, how much will the car be worth in 6 years? Determine how long it will take for the sports car to be worth $10,001.
Tommy bought a new sports car for $45,000. It depreciates by 20% per year. 17. Fill in the table: year 0 Value of car $45,000 1 2 3 4 What is the exponential function that describes the above data? Using answer from #18, how much will the car be worth in 6 years? Determine how long it will take for the sports car to be worth $10,001.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Tommy bought a new sports car for $45,000. It depreciates
by 20% per year.
17. Fill in the table:
year
0
Value of
car
$45,000
1
2
3
4
What is the exponential function that describes the above data?
Using answer from #18, how much will the car be worth in 6 years?
Determine how long it will take for the sports car to be worth $10,001.
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