1: Billy Bought a car for $20,000. Most cars tend to depreciate in value over time. After1 year Billy's car was valued at $15,000. After 2 years the value of the car was $11,250. Write a formula for Billy's car value. fox) = 20,000(,75) Is the car decreasing in value at a constant rate? Is the car decreasing in value at a constant ratio? Explain your answer. Suppose that Billy owned his car for 10 years and then decided to sell it. What might be a fair price for the car? Explain how you got your answer.

1: Billy Bought a car for $20,000. Most cars tend to depreciate in value over time. After1 year Billy's car was valued at $15,000. After 2 years the value of the car was $11,250. Write a formula for Billy's car value. fox) = 20,000(,75) Is the car decreasing in value at a constant rate? Is the car decreasing in value at a constant ratio? Explain your answer. Suppose that Billy owned his car for 10 years and then decided to sell it. What might be a fair price for the car? Explain how you got your answer.

Name: Applying Exponential Functions1: Billy Bought a car for $20,000. Most
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: Applying Exponential Functions1: Billy Bought a car for $20,000. Most cars tend to depreciate in value over time. After 1 year Billy'scar was valued at $15,000. After 2 years the value of the car was $11,250. Write a formula for Billy'scar value.fox

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter4: Exponential And Logarithmic Functions

Section4.1: Exponential Functions

Problem 46E: 4546 Comparing Exponential and Power Functions In these exercises we use a graphing calculator to...

See similar textbooks

Similar questions

A person invests 100,000 at a nominal 12 interest per year compounded continuously. What will be the value of theinvestment in 30 years?
4546 Comparing Exponential and Power Functions In these exercises we use a graphing calculator to compare the rates of growth of the graphs of a power function and an exponential function. a Compare the rates of growth of the functions f(x)=3xandg(x)=x4 by drawing the graphs of both functions in the following viewing rectangles: i [4,4]by[0,20] ii [0,10]by[0,5000] iii [0,20]by[0,105] b Find the solutions of the equation 3x=x4, rounded to two decimal places.
Find an equation for the exponential function graphed in Figure 6.
Round each percentage increase or decrease that you calculate to the nearest tenth of a percent. Percentage Growth Rate from Growth FactorAn exponential function has a growth factor of 3.61. What is the percentage growth rate?
Use a graphing calculator to find the exponential equation that includes the points (3,75.98) and (6,481.07).