Question

the value in a dollar v(x) of a certain car after years is modeled by the function v(x) =23,500*x determine the following

Answer 1

`v(x)=23,500(0.88)^x`

A.the original cost can be translated as the value when 0 years have passed, so x = 0

then

`\begin{gathered} v(0)=23,500(0.88)^((0)) \\ v(0)=23,500*1 \\ v(0)=23,500 \end{gathered}`

Original cost is $23,500

b. yearly rate of epreciation is the value that affects the original cost for each year, in this case it is the base of the exponent in the equation

`0.88`