SOLUTION: A car is sold for $20,000. After one year, the value of the car is $13,000. Write an exponential function y to determine the value of the car after x years if the rate of decrease

Question 1155852: A car is sold for $20,000. After one year, the value of the car is $13,000. Write an exponential function y to determine the value of the car after x years if the rate of decrease is the same each year.
y=20000(1-0.65)^x was my best guess, but that seems to be wrong.
Answer by ikleyn(52800) (Show Source): You can put this solution on YOUR website!
.


y = , which is the same as


y =  = .

Solved, answered and explained.

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