Question

The value of a car bought new for $28900 decreases 15% each year. Identify the function for the value of the car. Does the function represent growth or decay?

Answer 1

Answer:

V (t) = 28,900 - 4,335t

The function clearly represent a decay

Step-by-step explanation:

1. Let's review the information given to us to answer the question correctly:

Value of the car = $ 28,900

Annual depreciation = 15% = 0.15

2. Identify the function for the value of the car. Does the function represent growth or decay?

Let y represent the value of the car after t years of utilization, let p the price of the car and d, the annual depreciation, therefore:

V (t) = p - (d * t * p)

Replacing with the values we know:

V (t) = 28,900 - (0.15 * t * 28.900)

V (t) = 28,900 - (0.15 * t * 28.900)

V (t) = 28,900 - 4,335t

The function clearly represent a decay.