Trent Carpenter

2021-09-19

The initial value of car is $24,000. After one year the value of the car is $19,3550. What exponential dunction models the expected value of the car? Estimate the value of the car after 4 years.

Roosevelt Houghton

Skilled2021-09-20Added 106 answers

Given data is :

The initial (t=0) value of the car is $24000

After one year (t=1) the value of the car is $19350

Let exponential model is

At t=0,

After 1 years t=1

Substitute value A and k in f(t)

Cost after 4 years is

Thus, the cost of a car after 4 years is $10144