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You buy a new car that cost $25,000 the car depreciates at a rate of 11% per year. what is the equation to this scenario.
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You buy a new car that cost $25,000 the car depreciates at a rate of 11% per year. what is the equation to this scenario.

User Sharoya
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depreciating at a rate is a decay exponential equation
y=25,000(1-0.11)^t, y is the value of the car in t years
User Fabian Stolz
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