The value of a brand new car is $27,000 and the value depreciates 19% every year. Write a function to represent the value of the car after t years, where the monthly rate of change can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of change per month, to the nearest hundredth of a percent. Function: f(t)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.9: Combining Functions
Problem 40PPS
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The value of a brand new car is $27, 000 and the value depreciates 19% every year.
Write a function to represent the value of the car after t years, where the monthly
rate of change can be found from a constant in the function. Round all coefficients in
the function to four decimal places. Also, determine the percentage rate of change per
month, to the nearest hundredth of a percent.
Function: f(t)
MacBook Pro
000
77
Transcribed Image Text:Watch help video The value of a brand new car is $27, 000 and the value depreciates 19% every year. Write a function to represent the value of the car after t years, where the monthly rate of change can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of change per month, to the nearest hundredth of a percent. Function: f(t) MacBook Pro 000 77
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