State whether the decay is linear or exponential, and answer the associated question. The value of a car is decreasing by 15% per year. If the car is worth $10,000 today, what will it be worth in two years? State whether the decay is linear or exponential. The decay is exponential since the quantity decreases by the same relative amount. What will the car be worth in two years? (Round to the nearest cent as needed.)

State whether the decay is linear or exponential, and answer the associated question. The value of a car is decreasing by 15% per year. If the car is worth $10,000 today, what will it be worth in two years? State whether the decay is linear or exponential. The decay is exponential since the quantity decreases by the same relative amount. What will the car be worth in two years? (Round to the nearest cent as needed.)

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter4: Exponential Functions

Section4.2: Constant Percentage Change

Problem 7SBE: Round each percentage increase or decrease that you calculate to the nearest tenth of a percent....

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