Recall the Ford Mustang price in problem 4 above, where the price was $38,000, with a depreciation rate of 11.5%. Part A: Write the equation that represents the exponential decay of the Ford Mustang. Part B: Determine the price of the Ford Mustang after 6 years. Part C: Determine the price of the Ford Mustang after 12 years.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
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Recall the Ford Mustang price in problem 4 above, where the price was
$38,000, with a depreciation rate of 11.5%.
Part A: Write the equation that represents the exponential decay of the
Ford Mustang.
Part B: Determine the price of the Ford Mustang after 6 years.
Part C: Determine the price of the Ford Mustang after 12 years.
Transcribed Image Text:Recall the Ford Mustang price in problem 4 above, where the price was $38,000, with a depreciation rate of 11.5%. Part A: Write the equation that represents the exponential decay of the Ford Mustang. Part B: Determine the price of the Ford Mustang after 6 years. Part C: Determine the price of the Ford Mustang after 12 years.
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