A new car valued at $16500 depreciates at a steady rate of 20% per year. What is the value of the car in 15 years
2 answers:
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<h2>Answer:</h2>
The correct options are:
- The domain is all real numbers.
- The base must be less than 1 and greater than 0.
- The function has a constant multiplicative rate of change.
We know that the exponential function is given by:
where a>0 and b are constants.
Also, it represents a growth function if b>1
and a decay function if 0<b<1
where b is the base.
- x belongs to whole of the real numbers( since the exponential function is well defined for all the real values of x.
Hence, the domain of the function is all the real numbers )
- Also, the graph of a decay function decreases continuously i.e. with the increasing input value the output value decreases.
- The exponential decay function always have a constant multiplicative rate of change i.e. b.