This is an exponential growth problem. Exponential growth can be expressed mathematically in the following way:
.
Parameter a presents initial amount.
Parameter r is percentage increase.
Parameter t is time.
An equation that would describe given problem is:
t is the time in years.
I attached the graph of this function.
Percentage by which the average value of mid sized car decreases each year = 8%
Retail value of a car today = v dollars
Amount of decrease in the value of the car after 1 year = (8/100) * v
= 2v/25 dollars
Then
The equation that represents the value of the car after 1 year = v - (2v/25) dollars
= (25v - 2v)/25 dollars
= 23v/25 dollars
So following this expression the value of the mid sized car can be easily determined after 1 year. I hope this is the answer you were looking for and the procedure is also clear to you.
Answer:
0.3%
Step-by-step explanation:
80-50=30
30÷100
=0.3%
Answer:
11.20
Step-by-step explanation:
Multiply both equations by 100:
19.99=1999
8.79=879
1999-879=1120
Divide by 100:
1120/100=11.20 saved ................
let's recall the vertical line test, if a vertical line hits the graph or points twice, then is NOT a function. Check the picture below.
