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The initial value of a car is $27,000. After one year, the value of the car is $20,250. What exponential function models the expected value of the car? Estimate the value of the car after 3 years. A. $13,
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The initial value of a car is $27,000. After one year, the value of the car is $20,250. What exponential function models the expected value of the car? Estimate the value of the car after 3 years.

A. $13,824
B. $11,391
C. $16,581
D. $19,683

User Spikey
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1 Answer

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P=20250/27000=0.75,,,y=a*b^t Y=27000(0.75)^3=11,390.625
User Jorge Granados
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