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Using an exponential function, supposing that the value decays 10% a year, it is found that the current market value is $9,087.
<h3>What is an exponential function?</h3>A decaying exponential function is modeled by:
In which:
- A(0) is the initial value.
- r is the decay rate, as a decimal.
In this problem, supposing a decay of 10% a year, and the original value of $13,850, the parameters are A(0) = 13850, r = 0.1.
Hence, the value of the car in 4 years is given by:
A(4) = 9087.
More can be learned about exponential functions at brainly.com/question/25537936