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A new truck that sells for 28,000 decreases in value 13% each year. What is the decay factor , b?

A new truck that sells for 28,000 decreases in value 13% each year. What is the decay factor , b?
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A new truck that sells for 28,000 decreases in value 13% each year. What is the decay factor , b?

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User TerminalWitchcraft
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1 Answer

5 votes
It would be 0.13
Because it’s decreasing it will be 0 and the percentage is 13 so the answer is 0.13.

Hope this helps :)
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User Alan Kersaudy
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