A radio station plays a winning song once per hour at a randomly selected time (in minutes). During an announcer’s four-hour sho
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Answer:
Step-by-step explanation:
Given , Micheal bought a car for $15,540.
Rate of depreciation = 5% = 0.05 { To convert a percentage into decimal or fraction , we divide it by 100]
The exponential function used to show depreciation in amount or value ina time period of 'x' is given by :-
, where A = Initial value
r= rate of depreciation.
As per given , we have
A= $15,540
r= 0.05
Then , Required function :