Question

Dan bought a truck for $29,800. The value of the truck depreciated at a constant rate per year. The table below shows the value of the truck after the first and second years: Year 1 2 Value (in dollars) 26,522 23,604.58 Which function best represents the value of the truck after t years?
A.F(T)=29,800(0.89)^t
B.F(T)=26,522(0.89)^t
C.F(T)=29,800(0.11)^t
D.F(T)=26,522(0.11)^t

Answer 1

23604.58/26522=r^2/r

r=0.89

F(t)=29800(0.89)^t