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lilavasa [31]
3 years ago
8

A new truck that sells for $29,000 depreciates (decreases in value) 12% each year. What is the decay factor, b? WILL MARK BRAINL

IEST PLZ ANSWER ASAP
Mathematics
2 answers:
Anna71 [15]3 years ago
8 0

Answer:

The decay factor is 0.88.

Step-by-step explanation:

The general form of an exponential decay function is

f(x)=ab^x

Where, a is initial value and b is decay factor.

It is given a new truck that sells for $29,000 depreciates (decreases in value) 12% each year.

The initial value is $29,000 and decay factor is

1-r=1-\frac{12}{100}=1-0.12=0.88

The exponential function is

f(x)=29000(0.88)^x

Therefore the decay factor is 0.88.

tatuchka [14]3 years ago
3 0
The fact that a newer model has been released and the demand for that specfic model has decreased along with the price.
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