SOLUTION: The function V(t)=32500(0.92)t represents the value (in dollars) of a car t years after its purchase. Use this function to complete the statements below. The value of

Algebra ->  Numeric Fractions Calculators, Lesson and Practice -> SOLUTION: The function V(t)=32500(0.92)t represents the value (in dollars) of a car t years after its purchase. Use this function to complete the statements below. The value of      Log On


   

Question 1195608: The function
V(t)=32500(0.92)t
represents the value (in dollars) of a car
t years after its purchase. Use this function to complete the statements below.

The value of this car is __ at a rate of___ Select an answer

The purchase price of the car was___ Select an answer
.
Answer by Boreal(15235) About Me  (Show Source):
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falling at a rate of 8% per year.
The purchase price of the car was when t=0, and that would be $32,500.