A new truck that sells for $29,000 depreciates 12% each year. Write a function that models the value of the truck.

Netflux asked Apr 13, 2022

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27 votes

A new truck that sells for $29,000 depreciates 12% each year.

Write a function that models the value of the truck.

Netflux asked Apr 13, 2022

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22 votes

Answer and Step-by-step explanation:

f(x) =
29,000(0.88)^(x)

Where x is time in years and f(x) is the amount of money the truck is worth each year.

We get 0.88 by subtracting 0.12 (aka 12%) from 1.00.

#teamtrees #PAW (Plant And Water)

Santanu C answered Apr 20, 2022

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