16.1k views
8 votes
Explain of how you got the work

Explain of how you got the work-example-1

1 Answer

9 votes

Brianna's car

Explanation:

Looking at the first equation the car decreases by 15% each year.

So our depreciation rate is 15%

The second equation represents an exponential depreciation with a depreciation rate given by;

1-0.9=0.1×100=10%

So our depreciation rate is 10%

Of course Brianna's car is decreasing in value quicker, since the car loses more value as the depreciation rate is higher.

User Leanan
by
7.5k points