In 2001, a car was purchased for S20,000. Each year since, the resale value has decreased by 23%. Let t be the number of years since 2001. Let y be the value of the car, in dollars. Write an exponential function showing the relationship between y and t.

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
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Chapter6: Exponential Functions And Sequences
Section: Chapter Questions
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In 2001, a car was purchased for $20,000. Each year since, the resale value has decreased by 23%.
Let t be the number of years since 2001. Let y be the value of the car, in dollars.
Write an exponential function showing the relationship between y and t.
O=0
Transcribed Image Text:In 2001, a car was purchased for $20,000. Each year since, the resale value has decreased by 23%. Let t be the number of years since 2001. Let y be the value of the car, in dollars. Write an exponential function showing the relationship between y and t. O=0
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