Question

6) Your car cost $42,500 when you

purchased it in 2017. The value of the
car depreciates by 15% annually.
a) Write an exponential function to
represent this situation.
b) How much will your car be worth
in 20242 Round your answer to the
nearest dollar.
HELP ME

Answer 1

Using exponential function concepts, it is found that:

The model is: .

The car will be worth $13,625 in 7 years.

Answer 2

Explanation: