SOLUTION: The value of antique car is modeled by the function V(x)=170000(1.900)((2/3)^x) where x is the number of years since 2005. By what Approximate percent rate is the value of the car

Algebra ->  Problems-with-consecutive-odd-even-integers -> SOLUTION: The value of antique car is modeled by the function V(x)=170000(1.900)((2/3)^x) where x is the number of years since 2005. By what Approximate percent rate is the value of the car       Log On


   

Question 973902: The value of antique car is modeled by the function V(x)=170000(1.900)((2/3)^x) where x is the number of years since 2005. By what Approximate percent rate is the value of the car increasing year.
Answer by CubeyThePenguin(3113) About Me  (Show Source):
You can put this solution on YOUR website!
17000(1.9)((2/3)^x)
= 17000(1.9)((0.67)^(x))

every year, the car is worth about 66.6% of its value from the previous year