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Eduardwww [97]
3 years ago
9

Sanjeet bought a new car at the dealership for $28,000. It is estimated that the value of the new car will decrease 8% each year

. Which exponential function models the value v of the car after t years
Mathematics
2 answers:
Lina20 [59]3 years ago
7 0

Answer: \bold{V = 28,000(0.92)^t}

<u>Step-by-step explanation:</u>

V = V_0(1-r)^t  ; where

  • V₀ is the initial value
  • -r is the rate of decrease
  • t is the time

Given:

  • V₀ = 28,000
  • -r = -0.08
  • t = t (unknown)

Equation:

V = 28,000(1-0.08)^t

V = 28,000(0.92)^t

Dafna11 [192]3 years ago
3 0

Answer: v= 28,000(0.92)^t

Step-by-step explanation:

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