The value of a brand new car is \$25,000$25,000 and the value depreciates 17% every year. Write a function to represent the value of the car after tt years, where the quarterly rate of change can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of change per quarter, to the nearest hundredth of a percent.

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07-05-2021
Mathematics

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The value of a brand new car is \$25,000$25,000 and the value depreciates 17% every year. Write a function to represent the value of the car after tt years, where the quarterly rate of change can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of change per quarter, to the nearest hundredth of a percent.

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