Exponential Growth/Decay Function The value of a car is $21,500. It loses 12% of its value every year.
(a) Write a function that represents the value y (in dollars) of the car after x years.
(b) Use the function to estimate the value of the car after 6 years. (round your answer to the nearest whole number)

Respuesta :

(a)          21500(0.88) ᣔx

          y = A(1-r) ᣔx 

         = 21500 (1-0.12) ᣔx  

         = 21500(0.88) ᣔx

 

   (b)    $9,985

        21500(0.88) ᣔ6 = 9985

·      0.88ᣔ6 = 0.46440408

·      21500 *  0.46440408 = 9984.68 -> 9985