Question

David bought a used dodge challenger for $14,000. the value of the car depreciates 11% per year from the time he bought the car. Wite a function that reepresent the value of David's car, V(t), after T years.

Answer 1

Answer:

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Explanation:

Answer 2

The function that represent the value of David's car, V(t), after T years is:  V(t)=14,000 (0.89)^t.

Function that represent the value of the car

Given:

Principla=$14,000

Rate=11%

Time (t)=?

Hence:

V(t)=Principla (1- rate)^time

V(t)=14,000 (1-.11)^t

V(t)=14,000 (0.89)^t

Therefore the function that represent the value of David's car, V(t), after T years is:  V(t)=14,000 (0.89)^t.

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