Suppose a new car is worth $30,000. You can use the function y=30,000 (0.85) ^x to estimate the car's value after x years. What is the decay factor? What does it mean?
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Home » Mathematics » Suppose a new car is worth $30,000. You can use the function y=30,000 (0.85) ^x to estimate the car's value after x years. What is the decay factor? What does it mean?