A used car has a value of $15,250 when it is purchased in 2012. The value of the car decreases at a rate of 7.5% per year. 1.

Question

A used car has a value of $15,250 when it is purchased in 2012. The value of the car decreases at a rate of 7.5% per year.
1. Write an exponential function that models the value y of the car over x years.
2. To the nearest cent, what will be the value of the car after eight years?

Kunduz · Accepted Answer

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