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The current value of a new car is $18,000. The car will depreciate 15% per year over the next 5 years. Which exponential equation models this situation

The current value of a new car is $18,000. The car will depreciate 15% per year over the next 5 years. Which exponential equation models this situation
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3 votes
The current value of a new car is $18,000. The car will depreciate 15% per year over the next 5 years. Which exponential equation models this situation

User AbreQueVoy
by
8.2k points

1 Answer

3 votes

Answer:

f(x) = 18,000 • 0.85^x

Explanation:

User Uday Ramjiyani
by
7.7k points
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