93. Depreciation Based on data obtained from the Kelley Blue Book, the value V of a Ford Focus that is t years old can be modeled by V(t) 19,841 (0.88)'. %3D (a) According to the model, what is the value of a brand-new Focus? (b) According to the model, what is the value of a 2-vear-old Focus?

93. Depreciation Based on data obtained from the Kelley Blue Book, the value V of a Ford Focus that is t years old can be modeled by V(t) 19,841 (0.88)'. %3D (a) According to the model, what is the value of a brand-new Focus? (b) According to the model, what is the value of a 2-vear-old Focus?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 61SE: The fox population in a certain region has an annualgrowth rate of 9 per year. In the year 2012,...

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Transcribed Image Text:93. Depreciation Based on data obtained from the Kelley Blue Book, the value V of a Ford Focus that is t years old can be modeled by V (1) = 19,841 (0.88)'. (a) According to the model, what is the value of a brand-new Focus? (b) According to the model, what is the value of a 2-year-old Focus?

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