document.write( "Question 1019386: What is the rate, constant multiplier, and an equation that represents the situation when Larry buys a truck for $13,500. The value of the truck is expected to decrease at a rate of 20% each year \n" ); document.write( "

Algebra.Com's Answer #635297 by josgarithmetic(39630) $\"\"$ $\"About$

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As given in the description, the constant rate is 20%. You can turn this around to show proportion of value kept as each year passes, which is 80%.\r
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\n" ); document.write( "\n" ); document.write( "The constant multiplier is obviously the initial truck value of 13500 dollar.\r
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\n" ); document.write( "\n" ); document.write( "Using y as the value each year, t years since initial purchase,
\n" ); document.write( " $\"y=13500%2A%280.80%29%5Et\"$ . \n" ); document.write( "

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