You buy a new car that cost $25,000. The car depreciates at a rate of 11% per year.Write an equation to represent the exponential function of the scenario. Also identify the following: a) Independent variable b) Dependent variable c) Domain d) Range
You buy a new car that cost $25,000. The car depreciates at a rate of 11% per year.Write an equation to represent the exponential function of the scenario. Also identify the following: a) Independent variable b) Dependent variable c) Domain d) Range e) Starting point f) Growth/decay rate 3. Create a table to represent the exponential function. The table will have the year in the left column and the value for that year in the right column. Years 1, 5, and 10 must be included with 10 the maximum year. Including all 10 years will make it easier to plot the graph 4. List the growth or decay rate which is given in the problem you select. Is it a positive or negative rate? 5. Your equation will have two letters which are the variables. Which is the independent variable? This is the one you specify to determine the value of the other variable which is the dependent variable? 6. You will start your graph where it crosses the vertical axis which will be the value for year 0. What is that value ? 7. Create a graph of your function. The horizontal axis will be years and will be labeled from 0 to 10. From your graph determine the range and domain for your function.
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