SOLUTION: he table below gives the value of a car over two years. Using an exponential best-fit model, after how many years is the car valued at 25% of the original value? Year 0 0.5 1.0 1.

Algebra ->  Rational-functions -> SOLUTION: he table below gives the value of a car over two years. Using an exponential best-fit model, after how many years is the car valued at 25% of the original value? Year 0 0.5 1.0 1.      Log On


   



Question 891525: he table below gives the value of a car over two years. Using an exponential best-fit model, after how many years is the car valued at 25% of the original value?
Year 0 0.5 1.0 1.5 2.0
Value ($) 15,500.00 14,560.00 13,911.20 12,969.66 12,204.09

Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
Using EXCEL,
V=15518e%5E%28-0.119Y%29
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0.25%2815500%29=15518e%5E%280.119Y%29
0.24971=e%5E%28-0.119Y%29
-1.38745=-0.119Y
Y=-11.7