Write the exponential equation for this scenario. Mike buys a car for $45,000.00. The cars value depreciates (loses value) at a
rate of 18% per year.
1 answer:
Answer:
Step-by-step explanation:
Given data
P= 45,000
rate= 18%
Recall the expression for the compound interest
Since we are talking of depreciation
Substitute
Hence the exponential function is
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Is 0 because it's to the power of zero
The answer to your question is 3