Question

The value of Kelsey's car will depreciate (decrease) by a rate of 15% each year. She wants to write an exponential equation to find out what it will be worth in 6 years. What is the multiplier for this situation?

Answer 1

So if you multiply 15 by 6 you get 90 and the 6 is from every years she has saved. So if you take any number 95000 and 15 percent of 95000 is 14250 so try breaking it down and divide as much as you can but not to much and slowly at a time and then when you get that try to get close to 9500 as much as you can cause 90 percent of 95000 is 9500.