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A new car purchased for 27000 loses 15 percent of its value each year. Write a function that represents the equation

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Answer:

27,000 x (0.85)^t

Explanation:

the value of the new car after first year is 27,000 x 0.85 = 22, 950

the value after second year is 22, 950 x 0.85 = 19, 507.50

The pattern continues.

We can say that the function represents this is

27,000 x (0.85)^t, where t is the number of years.

For example, find the value of the car after 10 years?

Value = 27,000 x (0.85)^10

Value = 27, 000 x 0.1968744....

Value = 5, 315.6089....

User Shondelle
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