SOLUTION: A vehicle depreciates at a rate of 25% per year. A new car was purchased for $28 500. Write an exponential function to model the depreciated value of the vehicle, where y is th

Question 1156772: A vehicle depreciates at a rate of 25% per year. A new car was purchased for $28 500.
Write an exponential function to model the depreciated value of the vehicle, where y is the value of the vehicle and x is the number of years since purchased.
Use your equation in part a to determine the value of the vehicle after 4 years, to two decimal places.
Answer by josgarithmetic(39613) (Show Source): You can put this solution on YOUR website!
Depreciates 25% each year means, keeps 75% each year.

$28500 through 4 years:

RELATED QUESTIONS
The value of a new car depreciates at a rate of 34% each year from the year it is driven... (answered by stanbon)

A used car has a value of $15,250 when it is purchased in 2012. The value of the car... (answered by Theo)

Solve each problem by writing a linear function. When a new car is purchased, it... (answered by josgarithmetic)

you purchased a used car that depreciates at a rate of 9% per year. what is the decay... (answered by stanbon)

You bought a used car for $18,000. The value of the car will be less each year because of (answered by flame8855)

A new car is purchased for 17000 dollars. The value of the car depreciates at 13.5% per... (answered by MathLover1)

Ms. Smith purchased a car in 2017 for $30,000. If the value of her car depreciates at a... (answered by Boreal)

A pizza restaurant purchases new equipment for $410,000 which depreciates in value at a... (answered by ikleyn,MathLover1)

how would you write the equation for the following problem: Joe buys a car for $3600... (answered by stanbon)