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Car 1: It is an exponential function that is given as P = 18,500 (0.9595)ⁿ and the price after 10 years is $12,235.5.
Car 2: It is a linear function that is given as 2000x + 3y = 55500 and the price after 10 years is $11,833.33.
And Yes, there is a significant difference.
<h3>What is a function?</h3>A function is a statement, rule, or law that establishes the connection between two variables. In mathematics, functions are everywhere and are necessary for constructing physical connections.
Baxter is thinking about buying a car. The table below shows the projected value of two different cars for three years.
Car 1 (value in dollars)
Year 1: 18,500
Year 2: 17,390
Year 3: 16,346.60
Car 2 (value in dollars)
Year 1: 18,500
Year 2: 17,500
Year 3: 16,500
The exponential function describes car 1.
Then the function will be
The linear function describes car 2.
Then the value of the car 1 after 10 years will be
Then the value of the car 2 after 10 years will be
Yes, there is a significant difference.
More about the function link is given below.
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