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Suppose that the dollar value vt of a certain car that is t years old is given by the following exponential function. =vt19,9001.11t

User Swisstony
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Final answer:

The value of a car over time can be determined by substituting the number of years into the exponential depreciation equation to predict its future value.

Step-by-step explanation:

The value of a car depreciating over time can be modeled using an exponential function. In the context of the question provided, the equation vt = 19,900(1.11)^t specifies how the dollar value vt of the car changes as it becomes t years old. If we want to evaluate the growth, or in this case, the depreciation of the car's value over 10 years, we can substitute t = 10 into this equation to compute the car's value after that period. Similarly, for calculating the value after any number of years, we would just need to replace t with the desired number of years. This type of modeling is crucial in finance and economics for predicting future values of assets.

User Trista
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