A car was purchased for $27,000. Each year since, the resale value has decreased by 27%. 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.
A car was purchased for $27,000. Each year since, the resale value has decreased by 27%. 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.
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter4: Exponential Functions
Section4.2: Constant Percentage Change
Problem 12SBE
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