SOLUTION: A car has a purchase price of $23,500. The value declines continuously at an exponential rate of 27% annually.
a. What is an equation modeling the value of this car after "t" y
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-> SOLUTION: A car has a purchase price of $23,500. The value declines continuously at an exponential rate of 27% annually.
a. What is an equation modeling the value of this car after "t" y
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Question 1005053: A car has a purchase price of $23,500. The value declines continuously at an exponential rate of 27% annually.
a. What is an equation modeling the value of this car after "t" years?
b. What is the value after 5 years?
c. How long will it take for its value to be $2000? Found 2 solutions by josgarithmetic, MathTherapy:Answer by josgarithmetic(39617) (Show Source):
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A car has a purchase price of $23,500. The value declines continuously at an exponential rate of 27% annually.
a. What is an equation modeling the value of this car after "t" years?
b. What is the value after 5 years?
c. How long will it take for its value to be $2000?
Equation for value of car after "t" years:
Value of car after 5 years: . Calculate V(5)
Time it'll take for value to be $2,000: . Calculate "t."
(