6) A car bought for $50,000 in 2020 depreciates by 12% per year. Use an exponential function to find the value of the car after 5 years.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 8E
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6) A car bought for $50,000 in 2020
depreciates by 12% per year. Use an
exponential function to find the value of
the car after 5 years.
Transcribed Image Text:6) A car bought for $50,000 in 2020 depreciates by 12% per year. Use an exponential function to find the value of the car after 5 years.
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