Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. algebra
  3. a new car is purchased for $47, 000 and over time

A new car is purchased for $47, 000 and over time its value depreciates by...

60.1K

Verified Solution

Question

Algebra

image

A new car is purchased for $47, 000 and over time its value depreciates by one half every 3.5 years. Write a function showing the value of the car after t years, where the annual decay rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage rate of decay per year, to the nearest hundredth of a percent.Function: f(t)=?Growth ___% increase per year

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Calculus
1.2K views

Create each of the following during your work: Det A, Det Ax, and Det Ay.4x...

Biology
1.2K views

Match each component to the organ in which it is found Answer choices may be...

Physics
1.2K views

An unstable atomic nucleus of mass 1.84 x 10^-26 kg initially at rest disintegrates into...

Physics
1.2K views

A between them The wavelength of the standing wave is 2 2 42 4 3...

Basic Math
1.2K views

A household is a group of people living together at random and record how many...

Basic Math
1.2K views

A couple needs $50,000 as a down payment for a home. If they invest the...

Calculus
1.2K views

Find the area bounded by the curves y=6x - x^2 and y= x^2 - 2x.A)128/3B)...

Accounting
1.2K views

A $980,000 bond issue on which there is an unamortized premium of $77,000 is redeemed...

Accounting
1.2K views

Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common....

Accounting
1.2K views

9.2%. a. Calculate Treynor's measure for Anna's portfolio for the year just ended. ...

Accounting
1.2K views

Child's Play Company Child's Play Company makes a plastic rattle for toddlers. The rattle is...

Accounting
1.2K views

Percent of Sales Method estimated at 3/4 of 1% of sales. a. Determine the amount...