Your uncle purchases a new car for $22,499. The value of the car decreases by 11% each year. Write the exponential equation that models the car's value after t years.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 1SE: Explain why the values of an increasing exponentialfunction will eventually overtake the valuesof...
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Your uncle purchases a new car for $22,499. The value
of the car decreases by 11% each year.
Write the exponential equation that models the car's
value after t years.
Find the value of the car 3 years later, the nearest
WHOLE dollar.
Dollars
$30.00
Submit
圓
Transcribed Image Text:what ar New Tab MQui x M Mathwa New Tab 450 tim en screenldx%39 Your uncle purchases a new car for $22,499. The value of the car decreases by 11% each year. Write the exponential equation that models the car's value after t years. Find the value of the car 3 years later, the nearest WHOLE dollar. Dollars $30.00 Submit 圓
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