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Your turn A Honda Accord depreciates at 15% per year. Six years ago it was purchased for $21,000. What is it worth now? Knowns A(t) = =(1 ± r)* A(t) A(t) A(t) A(t) (1 - %3D (___)- (_-- %3D Unknown %3D A(t) Substitute & solve

Your turn A Honda Accord depreciates at 15% per year. Six years ago it was purchased for $21,000. What is it worth now? Knowns A(t) = =(1 ± r)* A(t) A(t) A(t) A(t) (1 - %3D (___)- (_-- %3D Unknown %3D A(t) Substitute & solve

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.1: Exponential Functions And Their Graphs
Problem 92E
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Using the first picture as a guide for how the chart should look, fill out the chart on the second picture. Please and thank you
Initial (a) Example 2 Rate of change (r) A house purchased for $226,000 has lost 4% of its value each year for the past five years. What is it worth now? Time period (t) Knowns $226,00 = 4% - .04 t = 5 A(t) = a(1 ± r)* A(t) = 226e00 (1 - .04)5 A(t) = 2260ee (.96)5 A(t) = A(t) = %3D %3D r %3D 22000 (0.815) $184,274.23 %3D Unknown A(t) Substitute & solve
Transcribed Image Text:Initial (a) Example 2 Rate of change (r) A house purchased for $226,000 has lost 4% of its value each year for the past five years. What is it worth now? Time period (t) Knowns $226,00 = 4% - .04 t = 5 A(t) = a(1 ± r)* A(t) = 226e00 (1 - .04)5 A(t) = 2260ee (.96)5 A(t) = A(t) = %3D %3D r %3D 22000 (0.815) $184,274.23 %3D Unknown A(t) Substitute & solve
ult for ele. E A Untitled document . 9 rea Meet Your turn A Honda Accord depreciates at 15% per year. Six years ago it was purchased for $21, 000. What is it worth now? Knowns A(t) = a(1 + r)t A(t) = A(t) A(t) A(t) (1 - (--)- (_--_ %3D %3D Unknown %3D A(t) Substitute & solve
Transcribed Image Text:ult for ele. E A Untitled document . 9 rea Meet Your turn A Honda Accord depreciates at 15% per year. Six years ago it was purchased for $21, 000. What is it worth now? Knowns A(t) = a(1 + r)t A(t) = A(t) A(t) A(t) (1 - (--)- (_--_ %3D %3D Unknown %3D A(t) Substitute & solve
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