In 2003, a car was purchased for $18,000. Each year since, the resale value has decreased by 27%.
Let t be the number of years since 2003. Let y be the value of the car, in dollars.
Write an exponential function showing the relationship between y and t.

Question

07-12-2022
Mathematics

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In 2003, a car was purchased for $18,000. Each year since, the resale value has decreased by 27%.
Let t be the number of years since 2003. Let y be the value of the car, in dollars.
Write an exponential function showing the relationship between y and t.

Sagot :

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