Depreciation: The price p, in dollars, of a Honda Civic EX-L Sedan that is x years old is modeled by p (x) = 22,265 (0.90)x Use logarithms to compute the half-life (in the case of exponential decay) or doubling time (in the case of exponential growth) and explain the contextual significance of this value. State and explain the contextual significance of the initial value and growth/decay factor (using percentages) of the model given. State and explain the contextual significance of the horizontal asymptote of the model given.
Depreciation: The price p, in dollars, of a Honda Civic EX-L Sedan that is x years old is modeled by p (x) = 22,265 (0.90)x Use logarithms to compute the half-life (in the case of exponential decay) or doubling time (in the case of exponential growth) and explain the contextual significance of this value. State and explain the contextual significance of the initial value and growth/decay factor (using percentages) of the model given. State and explain the contextual significance of the horizontal asymptote of the model given.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 11DE
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Depreciation: The price p, in dollars, of a Honda Civic EX-L Sedan that is x years old is modeled by
p (x) = 22,265 (0.90)x
Use logarithms to compute the half-life (in the case of exponential decay) or doubling time (in the case of exponential growth) and explain the contextual significance of this value.
State and explain the contextual significance of the initial value and growth/decay factor (using percentages) of the model given.
State and explain the contextual significance of the horizontal asymptote of the model
given.
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