Gina buys a car for $13,500. The value is expected to depreciate by 15% per year. Write an exponential function to model the value of

Question

Gina buys a car for $13,500. The value is expected to depreciate by 15% per year.
Write an exponential function to model the value of the car. When will the value
fall below $3000?

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Minh Khuê 2 months 2021-07-27T18:18:49+00:00 1 Answers 1 views 0

Answers ( )

    0
    2021-07-27T18:20:28+00:00

    Answer:

    the value will fall below $3000 in the 7 th year because :

    Step-by-step explanation:

    15% of 13500 is 2025

    On subtracting 2025 from 13500 every time we can see that the value keeps dropping.

    So, we will get $3375 in year 6 and in year 7 we will get $1350 by subtracting 2025 from 3375.

    Hence we will get 1350 at the 7th year.

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