Question

Marry purchases a new car for $48,000. The car's value can be modeled by the following exponential function: y = 48,000(0.76)^t where y represents the car's value and t represents time in years. Madelyn says there is no horizontal asymptote while Owen says there is a horizontal asymptote at y = 0. Who is correct and how do you know?

Answer 1

Madelyn is correct because there is nothing adding at the end so the asymptote = 0 and there is no y at the end of the equation.

Explanation:

Above