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7 February, 06:02

Prakash bought a new car at the dealership for $27,000. It is estimated that the value of the car will decrease 7% each year. Which exponential function models the value v of the car after t years?

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  1. 7 February, 06:16
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    V=27,000 * (1-0.07) ^t

    V=27000 (0.93) ^t
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