You just bought a new car for $22,000. Assume that the value of your new car depreciates at a constant 12% per year. 1) The decay rate is 2) The decay factor is 3) The equation of the function that represents the value, V(t), of the car in dollars t years from now is V(t)= || (Write an expression that completes the function's equation.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.9: Combining Functions
Problem 2AGP
Question

Alebraic Modeling

You just bought a new car for $22,000.
Assume that the value of your new car depreciates at a constant 12% per year.
1) The decay rate is
2) The decay factor is
3) The equation of the function that represents the value, V(t), of the car in dollars t years from now is
V(t)= (Write an expression that completes the function's equation.)
Transcribed Image Text:You just bought a new car for $22,000. Assume that the value of your new car depreciates at a constant 12% per year. 1) The decay rate is 2) The decay factor is 3) The equation of the function that represents the value, V(t), of the car in dollars t years from now is V(t)= (Write an expression that completes the function's equation.)
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