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Suppose that the dollar value v(t) of a certain car that is t years old is given by the following exponential function. v(t) = 21, 300 * (1.24) ^ t

Suppose That The Dollar Value Vt Of A Certain Car That Is T Years Old Is Given By The Following Exponential Function Vt 21 300 124 T class=

Sagot :

Given:-

[tex]v(t)=21300(1.24)^t[/tex]

To find the initial value, does the fucnction represent growth or decay.

Here the value of a is 21300.

So we get,

[tex]1+r=1.24[/tex]

So the value of r is,

[tex]r=0.24[/tex]

So now we get percentage is,

[tex]24\%[/tex]

Rate of change is 24%.

So the required solution is,

[tex]initial\text{ value =21300}[/tex]

So the percentage range is,

[tex]24\%[/tex]

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