The value of a car after 10 years be $20898.27 if the car rental company assumes each car in their fleet depreciates by 6% per year option (a) $20898.27 is correct.

<h3>What is an exponential function?</h3>

It is defined as the function that rapidly increases and the value of the exponential function is always a positive. It denotes with exponent $\rm y = a^x$

where a is a constant and a>1

We can solve this problem by exponential function:

The word depreciate means the price is decreasing.

We can find the value be when the car is 10 years old:

p = 38800(1 - 0.06)¹⁰

p = 38800(0.94)¹⁰

p = 20898.266 ≈ $20898.27

Thus, the value of a car after 10 years be $20898.27 if the car rental company assumes each car in their fleet depreciates by 6% per year option (a) $20898.27 is correct.

Learn more about the exponential function here:

brainly.com/question/11487261

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6 0

2 years ago

The circumference of the earth is about 25,000 miles. Approximately how far is it from any point on the earth's surface to its c

ELEN [110]

Since C = 2rπ

if the C of earth = 25000 miles

then the r = C ÷ (2π)
= 25,000 miles ÷ 2π
= 12500 ÷ π
≈ 3978.87358 miles

Since radius is a measure of the distance from the center to any point on the circle then that distance would be about 3978.8736 miles<span />

5 0

3 years ago