Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

A car was purchased for $24,000. Its value is predicted to decay exponentially, decreasing by 13% each year. Write an equation to determine the value of the car.

Sagot :

samuelonum1

Answer:

y= P(0.87)^t

Step-by-step explanation:

Given data

Price P=  $24,000

Rate of decay in price= 13%

The expression in terms of y, p and t  is

y=P(1-r)^t

y= P(1-0.13)t

y= P(0.87)^t

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.