Question

Depreciation is a process describing how something loses its value over time. A 2021 Ford F150 will lose 7% of its value each year as time passes on. If the Ford F150 was purchased for $28,940, find the function that gives its value in terms of years, t, after its purchase.

Answer 1

which book is this

Explanation:

Answer 2

28940(.93)^t

Explanation:

if something is decreasing by 7 percent it's the same as mulitplying it by 93 percent or (1-.07)

we can write

28940(.93)^t