A car was purchased for $26,000. Each year since, the resale value has decreased by 21%. Let t be the number of years since the purchase. Let y be the resale value of the car, in dollars. Write an exponential function showing the relationship between y and t.

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 44E: Use a graphing calculator to solve each problem. In Example 4, suppose that a birth control program...
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O MODULE 7: BUILDING AND INTERPRETING FUNCTIONS
Writing an equation that models exponential growth or decay
A car was purchased for $26,000, Each year since, the resale value has decreased by 21%.
Let t be the number of years since the purchase. Let y be the resale value of the car, in dollars.
Write an exponential function showing the relationship between y and t.
D=D
Transcribed Image Text:students.leeschools.net bookmarks O MODULE 7: BUILDING AND INTERPRETING FUNCTIONS Writing an equation that models exponential growth or decay A car was purchased for $26,000, Each year since, the resale value has decreased by 21%. Let t be the number of years since the purchase. Let y be the resale value of the car, in dollars. Write an exponential function showing the relationship between y and t. D=D
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