Answer:
<u>V (t) = 28,900 - 4,335t</u>
<u>The function clearly represent a decay</u>
Step-by-step explanation:
1. Let's review the information given to us to answer the question correctly:
Value of the car = $ 28,900
Annual depreciation = 15% = 0.15
2. Identify the function for the value of the car. Does the function represent growth or decay?
Let y represent the value of the car after t years of utilization, let p the price of the car and d, the annual depreciation, therefore:
V (t) = p - (d * t * p)
Replacing with the values we know:
V (t) = 28,900 - (0.15 * t * 28.900)
V (t) = 28,900 - (0.15 * t * 28.900)
<u>V (t) = 28,900 - 4,335t</u>
<u>The function clearly represent a decay.</u>
