Solve these algebraic fractions please with step by step explanation would be great
2 answers:
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<h3><u>The function that represents the price P of the car after x years is:</u></h3>
<em><u>Solution:</u></em>
<em><u>The decreasing function is given as:</u></em>
Where,
y is future value
a is initial value
r is decreasing rate in decimal
t is time period
From given,
a = 25000
number of years = x
future value = P
Therefore,
Thus the function is found