Kwame bought a car for $25,000. The value of the car is decreasing at a rate of 6.5% each year. Write a function that represents
the price P of the car after x years. Note: use parentheses around the rate
1 answer:
<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
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