<span>how many feet= 1mile
how many minutes = 1hr
5280ft=1mile
60mins=1hr
5280ft x 45mi = 237600
divide by 60
3960 ft per minute</span>
The answer is A. The parking fee depends on the amount of time a person is parked
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
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