Question

There is a new truck worth $31,500 and it loses value at the rate of 2.7% per year.

1) Create an exponential model.
2) How much is the truck worth 5 years later?
3) How much is the truck worth 15 months later?

Answer 1

For 2 it's 27,247 and for 3 it's 31393.86

Explanation: