Question

A new car costs $23,000. The value decreases by 15%

each year. Write an exponential model to represent the
car's value after t years.

Answer 1

A new car costs $23,000. The value decreases by 15% each year.

An exponential model to represent the car's value after t years:

y = 23000 x (1 - 15/100)^year

= 23000 x (0.85)^year

Hope this helps!

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