Depreciation Exercise Consider a car bought at 40 000 that

Last updated: 3/7/2023

Depreciation Exercise Consider a car bought at 40 000 that depreciates exponentially losing value at a rate of 20 per year Write a model that will give the value of the car each year Complete the table of values for 12 years 1 Write the exponential model that could help you calculate the value for each year 2 Complete the table X year 0 1 2 3 4 5 6 7 8 9 10 11 12 Y Value 40 000 Amount of Decrease 0 3 How many years does it take for the value to reach half of its original value A quarter of its value A tenth of its value 4 How might all of this information influence your decision to buy a new car versus a used one Do you think that the value of all cars follows an exponential model Explain