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Craig just purchased a new sports car. He financed $45,000 and must pay it back over 5 years with 11% interest.
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Percentages are out of 100. So we'll multiply by 0.85 to represent the 15%
To find the y points on the graph we can use f(x) =
We'll input 1-5 for x to find y:
1:
2:
3:
4:
5:
Therefore the answer is a graph of exponential function going down from left to right in quadrant 1 through the point 0, 40 and approaching the x-axis.
To find the y points on the graph we can use f(x) =
We'll input 1-5 for x to find y:
1:
2:
3:
4:
5:
Therefore the answer is a graph of exponential function going down from left to right in quadrant 1 through the point 0, 40 and approaching the x-axis.