Andrea purchased a new car in 2015 at a sales price of $18,900. Three years later she had the car appraised for insurance purposes, and the car was valued at $14,200. If the rate of decline is exponential in nature and continues at the same rate, find a formula for the value of the car in terms of t. (Express k to four decimal places of accuracy)

Andrea purchased a new car in 2015 at a sales price of $18,900. Three years later she had the car appraised for insurance purposes, and the car was valued at $14,200. If the rate of decline is exponential in nature and continues at the same rate, find a formula for the value of the car in terms of t. (Express k to four decimal places of accuracy)

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....

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