59.2k views
1 vote
Gilbert purchased a car for 34000. The car depreciates at a rate of 14% per year. The exponential function that represents this situation is y = 34000(0.86)^x.

What is the change factor for this function?

Gilbert purchased a car for 34000. The car depreciates at a rate of 14% per year. The-example-1

1 Answer

3 votes

Answer:

.86

Explanation:

Exponential function formula


y = a ( 1 + or - r ) ^t

where a = initial value

r = rate of change

and t = number of years

given the equation y = 34000(0.86)^x.

r = .86

Hence the change factor is .86

User Ing Oscar MR
by
7.6k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories