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6 June, 10:06

Mrs Galicia bought a new car for $18,000. This car will depreciate at a rate of 9% per year. Which

equation represents this function in terms of x, time.

(f) = 18000 (-91) ^x

(f) = 18000 (9) ^x

(f) = 180000.09) ^x

(f) = 18000 (1.09) ^x

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  1. 6 June, 10:16
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    The correct equation is (f) = 18,000 (0.91) ^x. This is due to the fact that the price of the car will depreciate (or decrease) at a rate of 9% per year. The decimal number can be calculated by subtracting 0.09 from 1 (in this case, that the car's price is decreasing) or by adding 0.09 from 1 (if the car price is increasing, in which it isn't in this scenario.)
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