Mathematics

4 August, 15:44

3.) Your car cost $42,500 when you purchased it in 2015. The value of the car

decreases by 15% annually.

A. Write an exponential decay function to represent this situation.

f (x) = 42500 (1-.15) x

f (x) = 42500 (1-.85) x

B. How much will your car be worth in 7 years? Round your answer to the nearest

dollar.

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