Question

you have recently purchased a new car for 19,700 the value of the car decreases at a rate of 22% annually. use the model A=p(1-r)^t to write an exponential growth function that models the value of the car after t years

Answer 1

FunctionFunction 19,700

22% = 0.22

A=p(1-r)^t

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I was just reading the question

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Function

A=19 700 (1- 0.22)^t

t = years

the year 0

A=19 700 (1- 0.22)^t

A= 19 700

first year

A=19 700 (1- 0.22)^1

A= 19700* (1- 0.22)

A=19 700 (0.78)

A= 15366

The value of the car after 1 year is 15 366

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Function

A=19 700 (1- 0.22)^t