Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Question

a. In 2006, a new Ford Focus cost $15,574. The value of a Focus decreases exponentially over time. Write a formula for the values of a Focus. (You don't know the value of the growth factor b yet.) 

P(t) = ________?__________

b. A 22-year old Focus cost $11,788. Find the decay factor and the percent rate of depreciation

b = _______?________ and the percent rate of depreciation is _____?_____%.

c. How much would a 44-year old Focus cost?

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