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The answer is 25%
(1)
If 64 is 100%, 48 is how much percent:
64 : 100% = 48 : x
x = 100% * 48 : 64
x = 75
(2)
Percent of decrease is:
100% - x = 100% - 75% = 25%
You need to replace the coordinates given after dilating them or stretching the parabola.
An exponential decay function is:
f=ir^t, f=final amount, i=initial amount, r=common ratio, t=number of times ratio is applied...We can see the initial value is 17000 so all we really have to find is the common ratio, or "rate" as some call it :P If we look at the second point, when t=1 we can see:
14280=17000r
r=357/425
r=0.84
So in five years the SUV will be worth more than the car by:
17000(0.84^5)-12000(0.89^5)
$408.73 (to the nearest cent)