Question

Ellen recently bought a car for $3000 and she plans just sell it when the value Falls below $1,500. The car depreciates 10% in value every year. Ellen writes an exponential function of the form to model the value V of the car T years after it is bought select all that apply

Answer 1

To model the value of the car using an exponential function, we need to determine the initial value and the decay factor. The exponential function can be written as: V(T) = 3000 * (0.9)^T, where V(T) is the value of the car T years after it is bought.

Step-by-step explanation:

To model the value of the car using an exponential function, we need to determine the initial value and the decay factor. The initial value is $3000, and the car depreciates 10% in value every year. This means that the decay factor is 0.9 (1 - 10%).

The exponential function can be written as:

V(T) = 3000 * (0.9)^T

where V(T) is the value of the car T years after it is bought.