Okay first set up the equation
x
--- -2 = 5.5
-3
add over the 2
x
--- = 7.5
-3
now you need to multiply the denominator by the answer
(-3)(7.5) = x
-22.5 = x
You multiply 10 12 times and you will have 1000000000000
than multiply it again by 4.18549 and you will get 418549000000
The answer to your question is 4 quarts
The exponential formula for this situtation will be given by:
f(x)=ae^(-bx)
where:
a=initial price
b=rate
x=time in years
hence the formula will be:
f(x)=28750e^(-0.12x)
thus the value of the car in 2018 will be:
x=2018-2012=6 years
thus
f(6)=28750e^(-0.12*6)
f(6)=$13,994.13
