A vehicle purchased for $25000 depreciates at a constant rate of 4%. Determine the approximate value of the vehicle 15 years after purchase. Round to the nearest whole number.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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A vehicle purchased for $25000 depreciates at a constant rate of 4%.
Determine the approximate value of the vehicle 15 years after
purchase.
Round to the nearest whole number.
Transcribed Image Text:A vehicle purchased for $25000 depreciates at a constant rate of 4%. Determine the approximate value of the vehicle 15 years after purchase. Round to the nearest whole number.
An exponential function f(x) = ab* passes through the points (0, 9) and
(2, 144). What are the values of a and b?
a =
b =
Transcribed Image Text:An exponential function f(x) = ab* passes through the points (0, 9) and (2, 144). What are the values of a and b? a = b =
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