The exponential function models the value v of the car after t years is V = 27000 * (0.93)^t
<h3>How to determine the exponential model?</h3>
The given parameters are:
Initial value, a = $27,000
Depreciation rate, r = 7%
The value of the car is then calculated as:
V = a * (1 -r)^t
Substitute known values
V = 27000 * (1 - 7%)^t
Evaluate the difference
V = 27000 * (0.93)^t
Hence, the exponential function models the value v of the car after t years is V = 27000 * (0.93)^t
Read more about exponential function at:
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Answer:
1. 3(9K-2)
2. 5(x+12y)
Step-by-step explanation:
Answer:
$837.25
Step-by-step explanation:
100%-> $985
1%->$9.85
15%->$9.85×15=$147.75
85%->$985-$147.75=$837.25
