Question

Asked Feb 23, 2019

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The selling price of a car is $18,000. Each year, it loses 15% of its value.

Which function gives the value of the cart years after its purchase?

Which function gives the value of the cart years after its purchase?

Select the correct answer below:

-f(t)=18,000(0.15)t

-f(t)=18,000(0.85)t

f-(t)=18,000(1.15)t

-f(t)=18,000(1.85)t

-f(t)=18,000−(0.15)t

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Step 1

We have been given the selling price of a car as $18000 and that its value is decreasing by 15% every year. We need to write an expression for value of the car t years later.

In order to write the function for value of car t years later, we can use the formula form annual growth/decay as shown below:

Step 2

Upon substituting the given values into t...

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