Question

Which statement(s) can be interpreted from the equation for an automobile cost, C(t)= 28,000(0.73) *where C(t) represents the costand t represents the time in years?Select all correct statements.A. $28,000 represents the initial cost of an automobile that appreciates 73% per year over the course of t years.B. The equation is an exponential decay equation.OC. The equation is an exponential growth equation.D. $28,000 represents the initial cost of an automobile that depreciates 27% per year over the course of t years.E. The equation is neither exponential decay nor exponential growthF. $28,000 represents the initial cost of an automobile that appreciates 27% per year over the course of years.OG $28,000 represents the initial cost of an automobile that depreciates 73% per year over the course of t years.

Answer 1

1) Since the value in the bracket is below 1, that indicates it is a decay exponential equation if it is greater than one, it is a growth equation

Therefore option b is correct.

2) Also, since the value in the bracket is 0.73 this implies the automobile that depreciates 27% per year over the course of t years.

Therefore option d is also correct.