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► 1-79 A new car purchased for $27.000 loses 15% of its value each year.

1 Answer

2 votes

Are you finding the function?


Step 1:

a=$27,000. (Given)
Annual percent of decrease (r): 15%. (Given)

Step 2:
(Assuming m is the multiplier)

M=1-r

1-15/100

M=.85%

Step 3:
The function representing this

F(t): 27,000•(.85)^t
User Daniel Dewhurst
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