The price p, in dollars, of a specific car that is x years old is modeled by the function below. p(x) = 22,265(0.88)* (a) How much should a 2-year-old car cost? (b) How much should a 7-year-old car cost? (c) Explain the meaning of the base 0.88 in this problem. (a) A 2-year-old car should cost approximately $ (Round to the nearest whole number as needed.) (b) A 7-year-old car should cost approximately $ (Round to the nearest whole number as needed.) (c) Choose the correct answer below. O A. As each year passes, the car is worth 88% of its value the previous year. OB. As each year passes, the car is worth 12% of its value the previous year. OC. As each year passes, the car is worth 0.88% of its value the previous year. O D. As each year passes, the car is worth 0.12% of its value the previous year.
The price p, in dollars, of a specific car that is x years old is modeled by the function below. p(x) = 22,265(0.88)* (a) How much should a 2-year-old car cost? (b) How much should a 7-year-old car cost? (c) Explain the meaning of the base 0.88 in this problem. (a) A 2-year-old car should cost approximately $ (Round to the nearest whole number as needed.) (b) A 7-year-old car should cost approximately $ (Round to the nearest whole number as needed.) (c) Choose the correct answer below. O A. As each year passes, the car is worth 88% of its value the previous year. OB. As each year passes, the car is worth 12% of its value the previous year. OC. As each year passes, the car is worth 0.88% of its value the previous year. O D. As each year passes, the car is worth 0.12% of its value the previous year.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 40E
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Transcribed Image Text:The price p, in dollars, of a specific car that is x years old is modeled by the function below.
p(x) = 22,265(0.88)*
(a) How much should a 2-year-old car cost?
(b) How much should a 7-year-old car cost?
(c) Explain the meaning of the base 0.88 in this problem.
(a) A 2-year-old car should cost approximately $
(Round to the nearest whole number as needed.)
(b) A 7-year-old car should cost approximately $
(Round to the nearest whole number as needed.)
(c) Choose the correct answer below.
O A. As each year passes, the car is worth 88% of its value the previous year.
O B. As each year passes, the car is worth 12% of its value the previous year.
OC. As each year passes, the car is worth 0.88% of its value the previous year.
O D. As each year passes, the car is worth 0.12% of its value the previous year.
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