5) A car was valued at $38,000 in the year 2007. By 2013, the value had depreciated to $11,000. a) Find the exponential function f(t) = abť that model the value of the car in year t years after 2007. Round to 4 decimal places for b. b) What is the depreciated value at year 2017?

5) A car was valued at $38,000 in the year 2007. By 2013, the value had depreciated to $11,000. a) Find the exponential function f(t) = abť that model the value of the car in year t years after 2007. Round to 4 decimal places for b. b) What is the depreciated value at year 2017?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter10: Exponential And Logarithmic Functions

Section10.5: Solve Exponential And Logarithmic Equations

Problem 10.87TI: Researchers recorded that a certain bacteria population grew from 100 to 500 in 6 hours. At this...

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Question

5) A car was valued at $38,000 in the year 2007. By 2013, the value had depreciated to $11,000.
a) Find the exponential function f(t) = abť that model the value of the car in year t years after 2007.
Round to 4 decimal places for b.
b) What is the depreciated value at year 2017?

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