2025calebharris
Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

write a growth/decay function to model the situation A car was purchased in 2000 for $22,500. It has depreciated at a rate of 5% per year. What was the value of the car in 2011

Sagot :

If the price of the car is $22,500 in 2000. Then the value of the car in 2011 with a decay of 5% every year is $12,798.

What is an exponent?

Exponential notation is the form of mathematical shorthand which allows us to write complicated expressions more succinctly. An exponent is a number or letter is called the base. It indicates that the base is to raise to a certain power. X is the base and n is the power.

A car was purchased in 2000 for $22,500.

It has depreciated at a rate of 5% per year.

Then the price of the car in 2011 will be

The decay function is modeled as

[tex]\rm A = P(1-r)^t[/tex]

The number of years has been passed is 11.

Then we have

[tex]\rm A = 22,500(1-0.05)^{11}\\\\A = \$ \ 12798[/tex]

More about the exponent link is given below.

https://brainly.com/question/5497425

#SPJ1

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.