A car was valued at $41,000 in the year 2001. The value depreciated exponentially to $11,000 by the year 2014. A) What was the exponentiale function y = ab' that can model the depreciated value t years from year 2001? 41000 b = Round to 4 decimal places. a = B) Assume that the car value continues to drop by the same percentage every year. Use the function in part A to find the value in year 2018 ? value = $ Round to the nearest dollars.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.7: Exponential And Logarithmic Models
Problem 16TI: Recent data suggests that, as of 2013, the rate of growth predicted by Moore’s Law no longer holds....
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A car was valued at $41,000 in the year 2001. The value depreciated exponentially to $11,000 by the year
2014.
ab² that can model the depreciated value t years from year
A) What was the exponentiale function y
2001?
41000
6 =
Round to 4 decimal places.
a =
B) Assume that the car value continues to drop by the same percentage every year. Use the function in part
A to find the value in year 2018 ?
value = $
Round to the nearest dollars.
Transcribed Image Text:A car was valued at $41,000 in the year 2001. The value depreciated exponentially to $11,000 by the year 2014. ab² that can model the depreciated value t years from year A) What was the exponentiale function y 2001? 41000 6 = Round to 4 decimal places. a = B) Assume that the car value continues to drop by the same percentage every year. Use the function in part A to find the value in year 2018 ? value = $ Round to the nearest dollars.
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