Question

A new car is purchased for $18,000. Every year after the new car is purchased, it loses 1/3 of its value. Is this an example of exponential growth or exponential decay? Explain your answer based on what you have learned about exponential growth and exponential decay.

no joke answers pls.
reply if you know the answer.

Answer 1

Answer: Exponential Growth

Explanation:

Since this car is being divided, it will only increase it's value, hope this helps, Merry Christmas and have a nice day.

18 000 / (1/3) =

54000