Question

The iterative function that describes how your new car loses value over time is f(t) = 0.75t, where t is the number of years since you purchased the car. If you paid 25,000 for your car and you sell is after owning it for 3 years, how much is the car worth?

Answer 1

y=25000(0.84)^ty=25000(0.84)^3y=$14817.6

Explanation:

Answer 2

$10,546.88

Explanation:

25,000(0.75)^3 is the formula/function you would use, which gives you 10,546.875, and then you'd round to the nearest hundredth.

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