We appreciate your visit to Matt purchases a used car for tex 7000 tex The value of the car decreases at a rate of tex 12 tex per year Choose. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
The car's initial value is \[tex]$7000. Since the car depreciates by 12% per year, after one year it retains only 88% of its value. In other words, the multiplier every year is
$[/tex][tex]$1 - 0.12 = 0.88.$[/tex][tex]$
Thus, after $[/tex]x[tex]$ years the value of the car is given by the exponential equation
$[/tex][tex]$y = 7000 \cdot (0.88)^x.$[/tex]$
This corresponds to the equation in the first option.
$[/tex][tex]$1 - 0.12 = 0.88.$[/tex][tex]$
Thus, after $[/tex]x[tex]$ years the value of the car is given by the exponential equation
$[/tex][tex]$y = 7000 \cdot (0.88)^x.$[/tex]$
This corresponds to the equation in the first option.
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