. In 2006, a new Ford Focus cost $15,574. The value of a Focus decreases exponentially over time. Write a formula for the values of a Focus. (You don't know the value of the growth factor b yet.) P(t) = ________?__________ b. A 22-year old Focus cost $11,788. Find the decay factor and the percent rate of depreciation b = _______?________ and the percent rate of depreciation is _____?_____%. c. How much would a 44-year old Focus cost?
. In 2006, a new Ford Focus cost $15,574. The value of a Focus decreases exponentially over time. Write a formula for the values of a Focus. (You don't know the value of the growth factor b yet.) P(t) = ________?__________ b. A 22-year old Focus cost $11,788. Find the decay factor and the percent rate of depreciation b = _______?________ and the percent rate of depreciation is _____?_____%. c. How much would a 44-year old Focus cost?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.2: Applications Of Exponential Functions
Problem 46E
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a. In 2006, a new Ford Focus cost $15,574. The value of a Focus decreases exponentially over time. Write a formula for the values of a Focus. (You don't know the value of the growth factor b yet.)
P(t) = ________?__________
b. A 22-year old Focus cost $11,788. Find the decay factor and the percent rate of depreciation
b = _______?________ and the percent rate of depreciation is _____?_____%.
c. How much would a 44-year old Focus cost?
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