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A car is purchased for $23,750 and it depreciates in value at a 9% rate every year. Write the equation for this exponential function and determine the worth of the vehicle in 3 …

A car is purchased for $23,750 and it depreciates in value at a 9% rate every year. Write the equation for this exponential function and determine the worth of the vehicle in 3 …
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A car is purchased for $23,750 and it depreciates in value at a 9% rate every year. Write the equation for this exponential function and determine the worth of the vehicle in 3 years.

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User Tariqulazam
by
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1 Answer

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Answer:

f(3) = 23,750(0.09)^3 = 6412.5

Explanation:

answered
User Theillien
by
8.0k points
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