Answer:
Step-by-step explanation:
The exponential decay function is
[tex]v(t)=a(b)^t[/tex] where b, the rate of decay, for us is (1 - .115) and a is the original value of the car which, for us, is 18000. t is the time in years. Using this information to write the equation we need to solve for the value when the car is 10 years old:
[tex]v(t)=18000(.885)^t[/tex] and we sub in 10 for t:
[tex]v(t)=18000(.885)^{10[/tex] which simplifies to
v(t) = 18000(.2947356754) so
v(t) = 5305.24
