Apply models of situations related to business administration using linear, polynomial, exponential and logarithmic functions. Correctly use mathematical notation or terminology. Make sure to include correct mathematical procedures and provide clear and complete explanations and interpretations. Remember to express the solution in the context of the situation. In the case that the result is decimal, you will round it to two decimal places. 1. The value (y) of a car (in thousands of dollars) can be approximated using the model y = 25 (0.85)^t, where (t) is the number of years since the car was new. When the value of the car will be $ 25,000?
Apply models of situations related to business administration using linear, polynomial, exponential and logarithmic functions. Correctly use mathematical notation or terminology. Make sure to include correct mathematical procedures and provide clear and complete explanations and interpretations. Remember to express the solution in the context of the situation. In the case that the result is decimal, you will round it to two decimal places. 1. The value (y) of a car (in thousands of dollars) can be approximated using the model y = 25 (0.85)^t, where (t) is the number of years since the car was new. When the value of the car will be $ 25,000?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 15DE
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Apply models of situations related to business administration using linear, polynomial, exponential and logarithmic functions. Correctly use mathematical notation or terminology. Make sure to include correct mathematical procedures and provide clear and complete explanations and interpretations. Remember to express the solution in the context of the situation.
In the case that the result is decimal, you will round it to two decimal places.
1. The value (y) of a car (in thousands of dollars) can be approximated using the model y = 25 (0.85)^t, where (t) is the number of years since the car was new.
When the value of the car will be $ 25,000?
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