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14 February, 18:47

You bought a used truck for $15,000. The value will depreciate yearly by 15%.

Classify the model as exponential growth or decay.

Identify the growth or decay factor, and give the growth or decay rate.

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  1. 14 February, 19:15
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    Decay,

    Factor: 0.85

    Decay rate: 15%

    Step-by-step explanation:

    Every year net value reduces by 15% which means it's 100-15 = 85% of the previous year

    85% = 0.85
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