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fenix001 [56]
3 years ago
14

Your bike was originally purchased for $1,200. It loses about 8% of its original value each year. Write an equation to represent

this exponential function with appropriate values.
Mathematics
1 answer:
Arlecino [84]3 years ago
7 0

Answer:

y= 1200(0.92)^x

Step-by-step explanation:

Given data

Cost price= $1200

Rate of decrease= 8%

Let the time be x

The expression that describes an exponential function is

y= ab^x

for decrease b= 1-r

y= 1200(1-0.08)^x

y= 1200(0.92)^x

Hence the expression is

y= 1200(0.92)^x

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